Delta Air Lines (NYSE:DAL) Given New $45.00 Price Target at Barclays

Delta Air Lines (NYSE:DAL) had its price target decreased by Barclays from $50.00 to $45.00 in a report published on Friday, The Fly reports. Barclays currently has an equal weight rating on the transportation company’s stock.

A number of other research analysts have also recently weighed in on DAL. Susquehanna Bancshares upgraded shares of Delta Air Lines from a neutral rating to a positive rating and set a $50.00 target price on the stock in a research note on Thursday. Wolfe Research upgraded shares of Delta Air Lines from a peer perform rating to an outperform rating in a research note on Friday, November 19th. Argus cut shares of Delta Air Lines from a buy rating to a hold rating in a research note on Thursday, September 23rd. Susquehanna upgraded shares of Delta Air Lines from a neutral rating to a positive rating and boosted their price target for the stock from $45.00 to $50.00 in a research note on Thursday. Finally, UBS Group upgraded shares of Delta Air Lines to a buy rating in a research note on Friday, January 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $51.71.

Shares of DAL opened at $40.31 on Friday. The company has a market capitalization of $25.80 billion, a P/E ratio of 95.98 and a beta of 1.29. The company has a quick ratio of 0.82, a current ratio of 0.76 and a debt-to-equity ratio of 6.92. The firm has a 50 day moving average of $39.32 and a 200 day moving average of $40.49. Delta Air Lines has a twelve month low of $33.40 and a twelve month high of $52.28.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, January 12th. The transportation company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. Delta Air Lines had a net margin of 0.93% and a negative return on equity of 129.80%. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the previous year, the firm posted ($2.53) EPS. The firm’s revenue was up 138.4% on a year-over-year basis. On average, sell-side analysts expect that Delta Air Lines will post 2.79 EPS for the current year.

In other Delta Air Lines news, Director David S. Taylor acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 30th. The stock was purchased at an average price of $35.59 per share, for a total transaction of $213,540.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Delta Air Lines by 9.4% in the 2nd quarter. BlackRock Inc. now owns 39,892,245 shares of the transportation company’s stock valued at $1,725,738,000 after buying an additional 3,425,850 shares during the period. Amundi purchased a new position in shares of Delta Air Lines during the 2nd quarter worth about $117,439,000. Renaissance Technologies LLC purchased a new position in shares of Delta Air Lines during the 3rd quarter worth about $81,538,000. MFA Wealth Advisors LLC purchased a new position in Delta Air Lines in the third quarter valued at approximately $1,627,000. Finally, Neuberger Berman Group LLC raised its holdings in Delta Air Lines by 34.1% in the third quarter. Neuberger Berman Group LLC now owns 5,339,150 shares of the transportation company’s stock valued at $226,792,000 after buying an additional 1,358,120 shares during the period. Institutional investors own 63.36% of the company’s stock.

About Delta Air Lines

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 consists of jet fuel and non-jet fuel products.

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