Susquehanna Issues Pessimistic Forecast for Delta Air Lines (NYSE:DAL) Stock Price

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

Several other brokerages also recently weighed in on DAL. The Goldman Sachs Group decreased their target price on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Citigroup decreased their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Raymond James dropped 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 note on Wednesday, April 2nd. Finally, Barclays decreased their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.63.

Delta Air Lines Trading Down 4.0 %

Shares of DAL stock opened at $35.80 on Monday. 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 has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The firm’s 50 day moving average price is $54.42 and its two-hundred day moving average price is $57.92. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last posted its 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. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts anticipate that Delta Air Lines will post 7.63 EPS for the current year.

Insider Activity

In other news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Hedge funds have recently made changes to their positions in the business. Donoghue Forlines LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $2,036,000. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 2.8% during 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 during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at about $3,593,000. Global Financial Private Client LLC raised its stake in shares of Delta Air Lines by 562.0% during the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock valued at $681,000 after purchasing an additional 9,559 shares in the last quarter. Finally, BluePath Capital Management LLC lifted its holdings in Delta Air Lines by 23.9% in the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock worth $1,540,000 after purchasing an additional 4,567 shares during the period. 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.