TheStreet Downgrades Delta Air Lines (NYSE:DAL) to D+

Delta Air Lines (NYSE:DAL) was downgraded by equities research analysts at TheStreet from a “c” rating to a “d+” rating in a note issued to investors on Thursday, TheStreetRatingsTable reports.

DAL has been the topic of several other reports. Jefferies Financial Group lifted their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 5th. Susquehanna raised Delta Air Lines from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $45.00 to $50.00 in a research report on Thursday. The Goldman Sachs Group lifted their price target on Delta Air Lines from $39.00 to $40.00 in a research report on Thursday. Bank of America raised Delta Air Lines from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $48.00 in a research report on Friday, January 7th. Finally, Wolfe Research raised Delta Air Lines from a “peer perform” rating to an “outperform” rating in a research report on Friday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $51.71.

Shares of DAL stock opened at $40.31 on Thursday. The stock’s 50 day simple moving average is $39.32 and its 200 day simple moving average is $40.49. The company has a debt-to-equity ratio of 6.92, a quick ratio of 0.82 and a current ratio of 0.76. Delta Air Lines has a twelve month low of $33.40 and a twelve month high of $52.28. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 95.98 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, January 12th. The transportation company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.07. Delta Air Lines had a negative return on equity of 129.80% and a net margin of 0.93%. The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same period last year, the business earned ($2.53) EPS. The firm’s revenue was up 138.4% compared to the same quarter last year. On average, analysts forecast that Delta Air Lines will post 2.79 EPS for the current fiscal year.

In other Delta Air Lines news, Director David S. Taylor acquired 6,000 shares of Delta Air Lines stock in a transaction on Tuesday, November 30th. The shares were bought at an average price of $35.59 per share, with a total value of $213,540.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in DAL. BlackRock Inc. raised its position in shares of Delta Air Lines by 9.4% during the second quarter. BlackRock Inc. now owns 39,892,245 shares of the transportation company’s stock worth $1,725,738,000 after acquiring an additional 3,425,850 shares during the last quarter. Amundi bought a new stake in Delta Air Lines in the second quarter valued at about $117,439,000. Renaissance Technologies LLC bought a new stake in Delta Air Lines in the third quarter valued at about $81,538,000. MFA Wealth Advisors LLC bought a new stake in Delta Air Lines in the third quarter valued at about $1,627,000. Finally, Neuberger Berman Group LLC increased its holdings in Delta Air Lines by 34.1% in the third quarter. Neuberger Berman Group LLC now owns 5,339,150 shares of the transportation company’s stock valued at $226,792,000 after purchasing an additional 1,358,120 shares during the last quarter. Institutional investors own 63.36% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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