Delta Air Lines (NYSE:DAL) Hits New 1-Year Low - Should You Sell?

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $39.94 and last traded at $41.61, with a volume of 10400997 shares changing hands. The stock had previously closed at $42.08.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of analyst reports. Bank of America lowered their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. UBS Group lowered Delta Air Lines from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $77.00 to $42.00 in a report on Monday, April 7th. TD Cowen upped their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. The Goldman Sachs Group cut their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Susquehanna cut their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.06.

Delta Air Lines Trading Up 2.9 %

The stock has a 50 day moving average of $45.29 and a 200 day moving average of $56.70. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm has a market cap of $29.70 billion, a P/E ratio of 8.53, a PEG ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company's revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is 10.64%.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delta Air Lines

Several institutional investors and hedge funds have recently modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter valued at approximately $27,000. Hemington Wealth Management raised its holdings in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the 4th quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew 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 during the period. 69.93% of the stock is 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.