Delta Air Lines (NYSE:DAL) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Tuesday.

DAL has been the topic of a number of other research reports. JPMorgan Chase & Co. raised shares of Delta Air Lines to a “buy” rating in a research report on Monday, April 30th. ValuEngine downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Morgan Stanley lowered their target price on shares of Delta Air Lines from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 12th. Stifel Nicolaus lifted their target price on shares of Delta Air Lines from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, April 5th. Finally, Cowen reiterated a “buy” rating on shares of Delta Air Lines in a research note on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $68.58.

Shares of Delta Air Lines stock opened at $49.92 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.51. Delta Air Lines has a 52-week low of $44.59 and a 52-week high of $60.79. The company has a market capitalization of $34.75 billion, a PE ratio of 10.13 and a beta of 1.12.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. The firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. equities research analysts expect that Delta Air Lines will post 5.81 earnings per share for the current fiscal year.

In other Delta Air Lines news, EVP Joanne D. Smith sold 12,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $54.50, for a total transaction of $654,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Sear sold 10,247 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $54.35, for a total transaction of $556,924.45. Following the sale, the insider now owns 59,494 shares of the company’s stock, valued at $3,233,498.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,497 shares of company stock valued at $3,543,174. Company insiders own 0.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DAL. Wagner Wealth Management LLC lifted its stake in Delta Air Lines by 375.0% during the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 1,500 shares during the period. Fortis Advisors LLC increased its holdings in shares of Delta Air Lines by 99.1% during the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 1,189 shares in the last quarter. Nvwm LLC increased its holdings in shares of Delta Air Lines by 558.5% during the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 2,290 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Delta Air Lines by 4,836.6% during the 1st quarter. Summit Trail Advisors LLC now owns 142,667 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 139,777 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Delta Air Lines by 45.6% during the 1st quarter. IHT Wealth Management LLC now owns 3,068 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 961 shares in the last quarter. Institutional investors and hedge funds own 86.35% 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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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