Delta Air Lines (NYSE:DAL) Earns “Buy” Rating from UBS Group

Delta Air Lines (NYSE:DAL)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a $88.00 price objective on the transportation company’s stock. UBS Group’s target price would indicate a potential upside of 38.36% from the stock’s current price.

Other analysts also recently issued reports about the stock. Barclays lifted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen upped their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Bank of America upped their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $75.83.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $63.60 on Tuesday. The stock has a market cap of $41.04 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.23 and a beta of 1.33. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The business has a 50-day simple moving average of $56.08 and a 200 day simple moving average of $49.37. Delta Air Lines has a 52 week low of $35.46 and a 52 week high of $66.25.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. On average, research analysts forecast that Delta Air Lines will post 6.07 earnings per share for the current fiscal year.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the sale, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

Several hedge funds have recently made changes to their positions in DAL. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new position in shares of Delta Air Lines in the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the 3rd quarter worth about $31,000. Strategic Financial Concepts LLC purchased a new stake in Delta Air Lines during the 2nd quarter valued at about $36,000. Finally, Unique Wealth Strategies LLC bought a new stake in Delta Air Lines during the 2nd quarter valued at about $40,000. 69.93% of the stock is currently owned by institutional investors.

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.