Delta Air Lines (NYSE:DAL) Given a $66.00 Price Target by UBS Group Analysts

UBS Group set a $66.00 price target on Delta Air Lines (NYSE:DAL - Free Report) in a report released on Monday, Marketbeat.com reports. The brokerage currently has a buy rating on the transportation company's stock.

A number of other analysts have also weighed in on DAL. Citigroup lowered their target price 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. Raymond James lowered their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Barclays lowered their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Susquehanna decreased their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Finally, TD Cowen increased their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Three research 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's stock. According to data from MarketBeat, Delta Air Lines has an average rating of "Moderate Buy" and a consensus target price of $62.08.

Delta Air Lines Trading Down 1.2%

Shares of NYSE:DAL traded down $0.59 during trading hours on Monday, hitting $47.91. 7,809,996 shares of the company's stock traded hands, compared to its average volume of 9,564,338. Delta Air Lines has a 1 year low of $34.74 and a 1 year high of $69.98. The business has a fifty day moving average price of $44.30 and a 200-day moving average price of $55.94. The firm has a market capitalization of $31.28 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

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 analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts expect that Delta Air Lines will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is presently 10.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WASHINGTON TRUST Co lifted its stake in Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock worth $130,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management raised its position in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares during the period. HighPoint Advisor Group LLC raised its position in Delta Air Lines by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after purchasing an additional 155 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Delta Air Lines by 1.2% in the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock worth $865,000 after acquiring an additional 173 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Delta Air Lines by 44.2% in the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after acquiring an additional 179 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

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.