Delta Air Lines (NYSE:DAL) Given New $58.00 Price Target at Barclays

Delta Air Lines (NYSE:DAL - Free Report) had its target price cut by Barclays from $80.00 to $58.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the transportation company's stock.

Several other research firms have also issued reports on DAL. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. UBS Group cut shares of Delta Air Lines from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $77.00 to $42.00 in a research report on Monday, April 7th. 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 report on Wednesday, April 2nd. 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, April 2nd. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.06.

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Delta Air Lines Stock Up 3.9 %

Shares of NYSE:DAL traded up $1.52 during midday trading on Tuesday, hitting $40.88. The stock had a trading volume of 13,705,043 shares, compared to its average volume of 9,317,702. The company has a market cap of $26.43 billion, a P/E ratio of 7.67, a PEG ratio of 0.75 and a beta of 1.23. Delta Air Lines has a 12 month low of $34.74 and a 12 month high of $69.98. The business's 50-day simple moving average is $52.37 and its 200-day simple moving average is $57.69. 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 announced its quarterly earnings data 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 firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's revenue was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. On average, sell-side analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is currently 11.26%.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $27,000. Hemington Wealth Management lifted its stake in Delta Air Lines by 48.1% in 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 last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines during the fourth quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Delta Air Lines by 414.4% during the fourth 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 in the last quarter. Institutional investors own 69.93% of the company's stock.

About Delta Air Lines

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.