Delta Air Lines (NYSE:DAL) Price Target Lowered to $77.00 at UBS Group

Delta Air Lines (NYSE:DAL) had its price objective decreased by UBS Group from $90.00 to $77.00 in a research report report published on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

Several other analysts have also issued reports on the company. TD Cowen increased their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Barclays cut their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Finally, StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $76.60.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $46.65 on Tuesday. The stock 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 business has a fifty day simple moving average of $63.19 and a 200-day simple moving average of $57.99. 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 12 month low of $37.29 and a 12 month high of $69.98.

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

Delta Air Lines Dividend Announcement

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

Insider Activity

In related news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the sale, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors have recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter valued at approximately $27,000. Hemington Wealth Management boosted its holdings in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the fourth quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines during the fourth quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the third quarter valued at approximately $31,000. 69.93% of the stock is owned by institutional investors and hedge funds.

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.