Delta Air Lines (NYSE:DAL) Stock Rating Lowered by StockNews.com

Delta Air Lines (NYSE:DAL – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts also recently issued reports on DAL. Raymond James raised their price target on Delta Air Lines from $53.00 to $54.00 and gave the stock a “strong-buy” rating in a research note on Monday, April 3rd. Redburn Partners upgraded Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, February 8th. Jefferies Financial Group boosted their price target on Delta Air Lines from $40.00 to $45.00 in a report on Wednesday, January 11th. Barclays upped their price target on Delta Air Lines from $44.00 to $48.00 in a research report on Friday, March 10th. Finally, Evercore ISI raised Delta Air Lines from an “in-line” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a research report on Tuesday, March 7th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.38.

Delta Air Lines Price Performance

DAL opened at $33.23 on Thursday. The stock has a market capitalization of $21.36 billion, a P/E ratio of 11.26, a PEG ratio of 0.18 and a beta of 1.25. Delta Air Lines has a 12-month low of $27.20 and a 12-month high of $42.45. The stock has a 50-day moving average price of $34.29 and a 200-day moving average price of $35.37. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17.

Delta Air Lines (NYSE:DAL – Get Rating) last released its quarterly earnings results on Thursday, April 13th. The transportation company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Delta Air Lines had a net margin of 3.51% and a return on equity of 56.49%. The business had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.25 billion. During the same period in the previous year, the company earned ($1.23) EPS. The company’s revenue for the quarter was up 36.5% on a year-over-year basis. Equities analysts predict that Delta Air Lines will post 5.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David S. Taylor bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were purchased at an average price of $32.83 per share, for a total transaction of $164,150.00. Following the completion of the transaction, the director now owns 25,360 shares in the company, valued at $832,568.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $38.43, for a total transaction of $186,231.78. Following the completion of the transaction, the executive vice president now directly owns 115,295 shares of the company’s stock, valued at approximately $4,430,786.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David S. Taylor purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was acquired at an average cost of $32.83 per share, with a total value of $164,150.00. Following the completion of the acquisition, the director now directly owns 25,360 shares in the company, valued at approximately $832,568.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 15,000 shares of company stock worth $503,250 and have sold 27,970 shares worth $1,057,049. 0.84% of the stock is currently owned by company insiders.

Institutional Trading of Delta Air Lines

Several hedge funds have recently bought and sold shares of DAL. Pacifica Partners Inc. grew its position in Delta Air Lines by 117.6% during the first quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Sound Income Strategies LLC raised its stake in Delta Air Lines by 1,136.7% during the 1st quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 682 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Delta Air Lines in the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC increased its holdings in Delta Air Lines by 153.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the transportation company’s stock valued at $29,000 after buying an additional 623 shares during the period. Finally, Ten Capital Wealth Advisors LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $29,000. 66.47% of the stock is currently owned by institutional investors.

About Delta Air Lines

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Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment.