NEW YORK, August 2, 2016 /PRNewswire/ --
Positive growth in the global automotive industry continues to drive the Auto Parts segment. In fact, the US automotive aftermarket is expected to grow at a CAGR of 3.4% through next year. Stock-Callers.com reviews the following equities: Delphi Automotive PLC (NYSE: DLPH), American Axle & Manufacturing Holdings Inc. (NYSE: AXL), WABCO Holdings Inc. (NYSE: WBC), and Tenneco Inc. (NYSE: TEN). Learn more about these stocks by downloading their free report at:
Gillingham, the U.K.-based Delphi Automotive PLC's stock finished Monday's session 0.03% lower at $67.80 with a total volume of 2.09 million shares traded. The Company's shares have advanced 8.31% in the past month. The stock is trading above its 50-day moving average by 1.99%. Furthermore, shares of Delphi Automotive, which together with its subsidiaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, and safety technology solutions to the automotive and commercial vehicle markets worldwide, have a Relative Strength Index (RSI) of 53.37.
On August 01st, 2016, Delphi Automotive announced that it has been selected by the Singapore Land Transport Authority as a strategic partner to implement autonomous mobility concepts, recognizing Delphi's leading technologies in advanced safety and automated software. The free research report on DLPH is available at:
American Axle & Manufacturing Holdings
On Monday, shares in Detroit, Michigan headquartered American Axle & Manufacturing Holdings Inc. ended the session at $17.51, up 0.57%. The stock recorded a trading volume of 1.43 million shares. The Company's shares have gained 20.93% in the last one month and 14.00% in the previous three months. The stock is trading 10.12% above its 50-day moving average and 3.99% above its 200-day moving average. Moreover, shares of American Axle & Manufacturing Holdings, which together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry, have an RSI of 62.20.
On July 29th, 2016, the company reported that net income in Q2 2016 was $71.0 million, or $0.90 per share, as compared to net income of $58.6 million, or $0.75 per share, in Q2 2015. The company's sales in Q2 2016 increased to $1.025 billion as compared to $1.004 billion in Q2 2015.
On August 1st 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform'. The research firm also revised upwards its previous target price from $16 to $17. The complimentary report on AXL can be downloaded at:
Brussels, Belgium headquartered WABCO Holdings Inc.'s stock ended yesterday's session 1.31% lower at $98.96 with a total volume of 376,774 shares traded. The Company's shares have advanced 8.07% in the past month. The stock is trading 0.68% below its 50-day moving average. Additionally, shares of WABCO Holdings, which together with its subsidiaries, provides electronic, mechanical, electro-mechanical, and aerodynamic products for commercial truck, bus, trailer, and passenger car manufacturers worldwide, have an RSI of 53.17.
On July 07th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On July 20th, 2016, WABCO reported sales of $732.2 million in Q2 2016, up 10.80% from a year ago period. The company reported diluted EPS of $1.33 in Q2 2016, up from $1.12 a year ago. Visit us today and download our complete research report on WBC for free at:
At the close on Monday, shares in Lake Forest, Illinois headquartered Tenneco Inc. recorded a trading volume of 950,049 shares, which was above their three months average volume of 552,020 shares. The stock finished 0.41% lower at $56.29. The Company's shares have gained 20.77% in the last one month, 5.71% in the previous three months, and 22.61% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.89% and 15.05%, respectively. Furthermore, shares of Tenneco, which designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide, have an RSI of 65.70.
On August 1st 2016, research firm Deutsche Bank reiterated its 'Hold' rating on the Company's stock with an increase of the target price to $70 a share from $67 a share.
On July 29th, 2016, Tenneco reported net income of $86 million, or $1.49 per diluted share, in Q2 2016 compared with $78 million, or $1.26 per share in Q2 2015. Adjusted net income rose to $102 million, or $1.78 per diluted share, in Q2 2016 versus $86 million or $1.39 per share last year, representing EPS growth of 28% versus last year. The company stated that its EPS results represent new record highs for the second quarter. Get free access to your technical report on TEN at:
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