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

Dbs Bank lowered shares of Delta Air Lines (NYSE:DAL) from a strong-buy rating to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Susquehanna lifted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Bank of America dropped their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen raised their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. UBS Group dropped their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group reduced their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average target price of $71.49.

Delta Air Lines Trading Down 4.1 %

Shares of DAL stock opened at $37.13 on Thursday. Delta Air Lines has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a market capitalization of $24.00 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The stock has a fifty day moving average of $56.32 and a two-hundred day moving average of $58.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share 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 the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. As a group, research analysts expect that Delta Air Lines will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last three months. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of Delta Air Lines

Institutional investors and hedge funds have recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter valued at about $27,000. Hemington Wealth Management boosted its stake in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC bought a new stake in Delta Air Lines during the 4th quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after buying an additional 431 shares during the period. 69.93% of the stock is currently 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.