Delta Air Lines, Inc. (NYSE:DAL) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “sell” rating in a note issued to investors on Monday, November 13th. They currently have a $45.16 price target on the transportation company’s stock. Vetr‘s price target indicates a potential downside of 9.88% from the company’s previous close.
Several other research analysts also recently issued reports on DAL. BidaskClub downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. UBS AG reissued a “buy” rating and set a $62.00 price objective (down from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Zacks Investment Research downgraded shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. J P Morgan Chase & Co raised their price objective on shares of Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Cowen Inc reissued a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $63.39.
Shares of Delta Air Lines (DAL) opened at $50.11 on Monday. Delta Air Lines has a fifty-two week low of $43.81 and a fifty-two week high of $55.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The firm has a market cap of $35,940.98, a price-to-earnings ratio of 10.50, a PEG ratio of 1.53 and a beta of 1.28.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same period last year, the business earned $1.70 EPS. Delta Air Lines’s revenue for the quarter was up 5.5% compared to the same quarter last year. sell-side analysts anticipate that Delta Air Lines will post 5 earnings per share for the current fiscal year.
In other news, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the transaction, the executive vice president now owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,810 shares of company stock valued at $11,629,103. 0.37% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its holdings in Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Delta Air Lines in the second quarter valued at approximately $114,000. Bessemer Group Inc. grew its holdings in Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,298 shares during the period. Advisory Services Network LLC grew its holdings in Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares during the period. Finally, BB&T Investment Services Inc. purchased a new stake in Delta Air Lines during the second quarter worth approximately $128,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.