Barclays Has Lowered Expectations for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL - Get Free Report) had its target price dropped by investment analysts at Barclays from $90.00 to $80.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Barclays's target price suggests a potential upside of 59.12% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Susquehanna lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. UBS Group restated a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Finally, TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $77.45.

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Delta Air Lines Stock Performance

NYSE DAL opened at $50.28 on Tuesday. The company has a market capitalization of $32.50 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines has a twelve month low of $37.29 and a twelve month high of $69.98. The stock has a fifty day simple moving average of $63.47 and a 200 day simple moving average of $57.95. 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 - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Sell-side analysts expect that Delta Air Lines will post 7.63 EPS for the current year.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value 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 $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. Corporate insiders own 0.96% of the company's stock.

Institutional Trading of Delta Air Lines

Several institutional investors and hedge funds have recently made changes to their positions in DAL. Pzena Investment Management LLC purchased a new stake in Delta Air Lines in the 3rd quarter valued at about $281,206,000. Boston Partners bought a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $328,398,000. Castle Hook Partners LP purchased a new stake in shares of Delta Air Lines during the third quarter valued at approximately $189,296,000. Norges Bank bought a new stake in Delta Air Lines during the fourth quarter worth $152,342,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in Delta Air Lines by 405.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock worth $184,784,000 after purchasing an additional 2,449,874 shares during the last quarter. 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.

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