UBS Group Has Lowered Expectations for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL - Get Free Report) had its price target reduced by UBS Group from $66.00 to $63.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. UBS Group's target price indicates a potential upside of 25.85% from the company's current price.

Several other equities analysts also recently issued reports on the stock. Citigroup reduced their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Wall Street Zen downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Raymond James Financial cut 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. 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 research note on Wednesday, April 2nd. Finally, Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.42.

Delta Air Lines Price Performance

Shares of NYSE DAL traded down $0.80 on Monday, hitting $50.06. The company's stock had a trading volume of 12,205,003 shares, compared to its average volume of 9,818,130. Delta Air Lines has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a market capitalization of $32.69 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.38 and a quick ratio of 0.33. The stock has a 50 day moving average of $48.36 and a 200-day moving average of $52.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same period last year, the company earned $0.45 EPS. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts predict that Delta Air Lines will post 7.63 EPS for the current year.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently added to or reduced their stakes in the business. Greenfield Savings Bank boosted its position in Delta Air Lines by 49.5% in the 2nd quarter. Greenfield Savings Bank now owns 7,077 shares of the transportation company's stock valued at $348,000 after buying an additional 2,342 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new position in Delta Air Lines in the 2nd quarter valued at about $354,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Delta Air Lines by 15.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,262 shares of the transportation company's stock valued at $308,000 after buying an additional 856 shares during the last quarter. Taylor & Morgan Wealth Management LLC boosted its position in Delta Air Lines by 3.5% in the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 7,994 shares of the transportation company's stock valued at $393,000 after buying an additional 272 shares during the last quarter. Finally, First Financial Bank Trust Division purchased a new position in Delta Air Lines in the 2nd quarter valued at about $225,000. 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.