Delta Air Lines (NYSE:DAL) Lowered to “Hold” Rating by Dbs Bank

Delta Air Lines (NYSE:DAL) was downgraded by research analysts at Dbs Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Barclays lowered their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Raymond James dropped their price objective on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a report on Wednesday. TD Cowen increased their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.49.

Delta Air Lines Trading Down 4.1 %

Shares of NYSE:DAL opened at $37.13 on Thursday. Delta Air Lines has a 12-month low of $34.74 and a 12-month high of $69.98. The business has a 50 day moving average of $56.32 and a 200-day moving average of $58.06. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $24.00 billion, a PE ratio of 6.97, a P/E/G ratio of 0.75 and a beta of 1.23.

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

Insider Activity

In other news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Donoghue Forlines LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth about $2,036,000. Geode Capital Management LLC increased its position in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares during the period. Mount Yale Investment Advisors LLC bought a new position in Delta Air Lines during the 4th quarter worth approximately $3,593,000. Global Financial Private Client LLC lifted its position in shares of Delta Air Lines by 562.0% in the 4th quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after purchasing an additional 9,559 shares during the period. Finally, BluePath Capital Management LLC boosted its stake in shares of Delta Air Lines by 23.9% in the 4th quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock valued at $1,540,000 after purchasing an additional 4,567 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

About Delta Air Lines

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.