UBS Group Increases Delta Air Lines (NYSE:DAL) Price Target to $46.00

Delta Air Lines (NYSE:DAL) had its target price raised by UBS Group from $42.00 to $46.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group cut their price target on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Bank of America reduced their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Raymond James dropped their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. TD Cowen lifted their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, April 10th. Finally, Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $61.37.

Delta Air Lines Stock Performance

DAL stock opened at $48.69 on Thursday. Delta Air Lines has a twelve month low of $34.74 and a twelve month high of $69.98. The firm has a market cap of $31.79 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.75 and a beta of 1.46. The business’s fifty day simple moving average is $44.19 and its two-hundred day simple moving average is $56.42. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. Analysts predict that Delta Air Lines will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is 10.64%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Delta Air Lines

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in Delta Air Lines by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 116,330 shares of the transportation company’s stock valued at $5,072,000 after purchasing an additional 4,764 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Delta Air Lines in the 1st quarter valued at $12,532,000. LSV Asset Management increased its holdings in Delta Air Lines by 6.5% in the 1st quarter. LSV Asset Management now owns 3,356,042 shares of the transportation company’s stock worth $146,323,000 after acquiring an additional 205,560 shares in the last quarter. Jefferies Financial Group Inc. lifted its holdings in Delta Air Lines by 1,169.4% during the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 6,677 shares in the last quarter. Finally, Nicolet Advisory Services LLC grew its position in shares of Delta Air Lines by 14.7% in the first quarter. Nicolet Advisory Services LLC now owns 6,135 shares of the transportation company’s stock valued at $267,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

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.