Delta Air Lines (NYSE:DAL) Given Buy Rating at UBS Group

Delta Air Lines (NYSE:DAL)‘s stock had its “buy” rating reiterated by investment analysts at UBS Group in a research report issued on Tuesday, MarketBeat.com reports. They currently have a $88.00 price objective on the transportation company’s stock. UBS Group’s price target would suggest a potential upside of 38.36% from the stock’s current price.

A number of other equities analysts also recently issued reports on DAL. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna upped their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $75.83.

Delta Air Lines Price Performance

NYSE DAL opened at $63.60 on Tuesday. Delta Air Lines has a one year low of $35.46 and a one year high of $66.25. The stock has a 50-day moving average of $56.08 and a 200 day moving average of $49.37. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The company has a market capitalization of $41.04 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.23 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 earnings per share. On average, sell-side analysts forecast that Delta Air Lines will post 6.07 EPS for the current year.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock valued at $8,044,893 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds have recently made changes to their positions in DAL. Sanders Capital LLC increased its stake in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in Delta Air Lines during the third quarter valued at $281,206,000. Finally, Castle Hook Partners LP bought a new position in Delta Air Lines during the third quarter valued at $189,296,000. 69.93% of the stock is currently 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.