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

Delta Air Lines (NYSE:DAL) has been given a $66.00 target price by analysts at UBS Group in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective suggests a potential upside of 35.86% from the stock’s current price.

Several other brokerages also recently commented on DAL. The Goldman Sachs Group lowered their price target on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Susquehanna decreased their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research note on Monday, April 7th. 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. Sanford C. Bernstein reissued an “outperform” rating on shares of Delta Air Lines in a report on Tuesday, May 13th. Finally, Dbs Bank cut Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Three investment 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. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Delta Air Lines Stock Performance

NYSE:DAL opened at $48.58 on Monday. Delta Air Lines has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $44.26 and a 200-day moving average of $56.01. The firm has a market cap of $31.72 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. Analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Delta Air Lines during the 1st quarter worth approximately $178,000. Geneos Wealth Management Inc. raised its stake in Delta Air Lines by 9.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,733 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 332 shares during the period. Intech Investment Management LLC raised its stake in Delta Air Lines by 333.9% in the 1st quarter. Intech Investment Management LLC now owns 350,474 shares of the transportation company’s stock valued at $15,281,000 after acquiring an additional 269,703 shares during the period. Focus Partners Wealth raised its stake in Delta Air Lines by 27.8% in the 1st quarter. Focus Partners Wealth now owns 45,862 shares of the transportation company’s stock valued at $2,000,000 after acquiring an additional 9,984 shares during the period. Finally, SCS Capital Management LLC bought a new stake in Delta Air Lines in the 1st quarter valued at $567,000. Institutional investors own 69.93% of the company’s stock.

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.