Delta Air Lines (NYSE: DAL) rating lowered to compare to Wolfe Research performance
Delta Air Lines (NYSE: DAL) was downgraded by equity researchers at Wolfe Research from an “outperforming” rating to a “peer” rating in a report released Wednesday, Targets.com reports. Analysts noted the move was an appraisal call.
A number of other brokerages have also recently weighed on DAL. Argus reduced Delta Air Lines from a “buy” note to a “keep” note in a research report released Thursday, September 23. Morgan Stanley lowered its price target on Delta Air Lines from $ 73.00 to $ 67.00 and set an “overweight” rating on the stock in a research report published on Tuesday, September 14. MKM Partners assumed coverage of Delta Air Lines in a research report on Thursday, June 10. They issued a “buy” note and a target price of $ 59 on the stock. Redburn Partners assumed cover of Delta Air Lines in a research report on Wednesday, August 11. They issued a “neutral” rating on the action. Finally, Jefferies Financial Group downgraded Delta Air Lines from a “custody” rating to a “buy” rating and raised its price target for the company from $ 50.00 to $ 60.00 in a report. research published on Tuesday, June 8. One equity research analyst rated the stock with a sell rating, eight issued a conservation rating, nine issued a buy rating, and one gave the company a high buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $ 53.11.
DAL shares traded down $ 0.92 on Wednesday, reaching $ 43.82. 362,018 shares of the stock traded for an average volume of 12,199,254. The company has a market capitalization of $ 28.04 billion, a price / earnings ratio of -4.14 and a beta of 1 , 41. The company has a debt ratio of 20.83, a current ratio of 0.83, and a quick ratio of 0.82. Delta Air Lines has a 12-month low of $ 28.74 and a 12-month high of $ 52.28. The stock’s 50-day moving average price is $ 40.68, and its 200-day moving average price is $ 43.86.
Delta Air Lines (NYSE: DAL) last released its quarterly profit data on Tuesday, July 13. The transportation company reported earnings per share (EPS) for the quarter ($ 1.07), beating analyst consensus estimates by $ 0.31 ($ 1.38). The company posted revenue of $ 7.13 billion for the quarter, compared to analysts’ expectations of $ 6.25 billion. Delta Air Lines recorded a negative return on equity of 398.80% and a negative net margin of 36.37%. Delta Air Lines quarterly revenue increased 385.6% year-over-year. During the same period of the previous year, the company posted earnings per share of $ 4.43. As a group, equity research analysts predict that Delta Air Lines will post earnings per share of -3.39 for the current fiscal year.
Separately, director David S. Taylor bought 5,000 shares of the company in a transaction on Tuesday, August 3. The shares were purchased at an average price of $ 39.30 per share, for a total value of $ 196,500.00. The acquisition was disclosed in a file with the Securities & Exchange Commission, which is available at the SEC website. In addition, director David S. Taylor bought 3,000 shares of the company in a trade on Monday, July 19. The stock was purchased at an average cost of $ 38.25 per share, for a total transaction of $ 114,750.00. Disclosure of this purchase can be found here. Company insiders own 0.63% of the company’s shares.
Several institutional investors have recently changed their positions in the company. Vanguard Group Inc. increased its equity stake in Delta Air Lines by 1.4% in the second quarter. Vanguard Group Inc. now owns 66,622,784 shares of the transportation company valued at $ 2,882,102,000 after acquiring an additional 927,297 shares in the last quarter. BlackRock Inc. increased its holdings of Delta Air Lines shares by 9.4% in the second quarter. BlackRock Inc. now owns 39,892,245 shares of the transportation company valued at $ 1,725,738,000 after purchasing an additional 3,425,850 shares in the last quarter. Geode Capital Management LLC increased its stake in the shares of Delta Air Lines by 1.1% during the second quarter. Geode Capital Management LLC now owns 10,735,384 shares of the transportation company valued at $ 463,448,000 after purchasing an additional 114,589 shares in the last quarter. Morgan Stanley increased its holdings of Delta Air Lines shares by 18.1% in the second quarter. Morgan Stanley now owns 8,789,938 shares of the transportation company valued at $ 380,253,000 after purchasing an additional 1,345,186 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Delta Air Lines shares by 8.0% during the second quarter. Nuveen Asset Management LLC now owns 5,944,862 shares of the transportation company valued at $ 257,175,000 after purchasing an additional 438,950 shares in the last quarter. Institutional investors hold 63.65% of the company’s shares.
Delta Air Lines Company Profile
Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the airline and refinery segments. The Airline segment provides scheduled air transport for passengers and freight. The Refinery segment consists of jet fuels and products other than jet fuels.
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