UBS Group Cuts Delta Air Lines (NYSE:DAL) Price Target to $77.00

Delta Air Lines (NYSE:DAL - Get Free Report) had its price target decreased by investment analysts at UBS Group from $90.00 to $77.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. UBS Group's target price would suggest a potential upside of 63.79% from the company's previous close.

A number of other research analysts have also weighed in on the company. TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday, January 13th. The Goldman Sachs Group restated a "buy" rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Citigroup increased their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group lifted their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $76.60.

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Delta Air Lines Stock Performance

DAL stock traded down $3.32 during midday trading on Tuesday, hitting $47.01. The company's stock had a trading volume of 7,427,480 shares, compared to its average volume of 8,580,322. The stock's 50-day moving average price is $63.47 and its 200 day moving average price is $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. The stock has a market cap of $30.39 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines has a 1 year low of $37.29 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion for 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 revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. On average, equities analysts forecast that Delta Air Lines will post 7.63 EPS for the current year.

Insider Activity at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm'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 transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares of the company's stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock worth $11,116,463 over the last quarter. Company insiders own 0.96% of the company's stock.

Institutional Trading of Delta Air Lines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. WASHINGTON TRUST Co increased its stake in shares of Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock worth $130,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management grew its holdings in Delta Air Lines by 48.1% during the fourth 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. HighPoint Advisor Group LLC raised its stake in shares of Delta Air Lines by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after buying an additional 155 shares during the period. Mason & Associates Inc raised its stake in shares of Delta Air Lines by 3.2% in the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock worth $308,000 after buying an additional 160 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in shares of Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after buying an additional 173 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

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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