Delta Air Lines (NYSE:DAL) Price Target Cut to $80.00 by Analysts at Barclays

Delta Air Lines (NYSE:DAL) had its target price lowered by Barclays from $90.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Several other brokerages also recently weighed in on DAL. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Susquehanna lifted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, Citigroup increased their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $76.60.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $46.65 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines has a 52-week low of $37.29 and a 52-week high of $69.98. The firm has a market cap of $30.15 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company’s 50 day moving average is $63.19 and its two-hundred day moving average is $57.99.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts expect that Delta Air Lines will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. Delta Air Lines’s payout ratio is 11.26%.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds have recently bought and sold shares of DAL. Siemens Fonds Invest GmbH bought a new stake in Delta Air Lines in the fourth quarter valued at $952,000. Park Square Financial Group LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $312,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $16,733,000. Brooklyn FI LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $321,000. Finally, Bernard Wealth Management Corp. bought a new position in Delta Air Lines in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.