Delta Air Lines (NYSE:DAL) Given New $50.00 Price Target at Susquehanna

Delta Air Lines (NYSE:DAL) had its target price dropped by investment analysts at Susquehanna from $80.00 to $50.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential upside of 39.67% from the company’s previous close.

Several other research analysts have also issued reports on DAL. Raymond James decreased their price target 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. Citigroup decreased their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Bank of America dropped their price target on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Dbs Bank downgraded Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.63.

Delta Air Lines Stock Down 4.0 %

DAL opened at $35.80 on Monday. The stock’s fifty day moving average is $54.42 and its 200-day moving average is $57.92. Delta Air Lines has a one year low of $34.74 and a one year high of $69.98. The company has a market capitalization of $23.14 billion, a PE ratio of 6.72, a P/E/G ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during 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%. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 EPS. On average, equities analysts predict that Delta Air Lines will post 7.63 EPS for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delta Air Lines

Several large investors have recently made changes to their positions in DAL. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the fourth quarter valued at approximately $27,000. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth $29,000. Hemington Wealth Management raised its holdings in shares of Delta Air Lines by 48.1% during 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 in the last quarter. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after purchasing an additional 431 shares in the last quarter. 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.