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 report released on Thursday, TheStreetRatingsTable reports.

Several other research firms have also recently commented on DAL. Wolfe Research raised Delta Air Lines from a “peer perform” rating to an “outperform” rating in a research note on Friday, November 19th. Morgan Stanley dropped their price target on Delta Air Lines from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday. Cowen raised their target price on Delta Air Lines from $53.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, October 14th. Jefferies Financial Group lifted their price target on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 5th. Finally, UBS Group upgraded Delta Air Lines to a “buy” rating in a research report on Friday, January 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $51.71.

NYSE DAL opened at $40.31 on Thursday. Delta Air Lines has a 52 week low of $33.40 and a 52 week high of $52.28. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 95.98 and a beta of 1.29. The company has a debt-to-equity ratio of 6.92, a quick ratio of 0.82 and a current ratio of 0.76. The stock’s 50 day moving average price is $39.32 and its two-hundred day moving average price is $40.49.

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

In other Delta Air Lines news, Director David S. Taylor bought 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 30th. The stock was purchased at an average cost of $35.59 per share, for a total transaction of $213,540.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.63% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Summit X LLC raised its stake in shares of Delta Air Lines by 3.4% in the third quarter. Summit X LLC now owns 28,112 shares of the transportation company’s stock valued at $1,197,000 after acquiring an additional 923 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Delta Air Lines by 75.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 483,135 shares of the transportation company’s stock valued at $20,900,000 after purchasing an additional 208,298 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Delta Air Lines by 6.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,309,345 shares of the transportation company’s stock valued at $143,162,000 after acquiring an additional 198,560 shares during the period. CIBC Asset Management Inc raised its holdings in Delta Air Lines by 5.2% in the 2nd quarter. CIBC Asset Management Inc now owns 56,370 shares of the transportation company’s stock valued at $2,439,000 after acquiring an additional 2,763 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Delta Air Lines by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 2,081,870 shares of the transportation company’s stock worth $88,708,000 after purchasing an additional 350,840 shares in the last quarter. Institutional investors and hedge funds 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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