Delta Air Lines, Inc. (NYSE:DAL) Receives $75.83 Consensus Target Price from Analysts

Shares of Delta Air Lines, Inc. (NYSE:DAL) have received a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $77.06.

Several research firms have recently weighed in on DAL. Bank of America boosted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Susquehanna lifted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,809 shares of company stock valued at $7,871,765. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

A number of institutional investors have recently added to or reduced their stakes in DAL. Van ECK Associates Corp increased its position in Delta Air Lines by 50.4% during the 2nd quarter. Van ECK Associates Corp now owns 3,959 shares of the transportation company’s stock worth $188,000 after purchasing an additional 1,327 shares in the last quarter. Natixis Advisors LLC increased its position in Delta Air Lines by 12.2% in the 2nd quarter. Natixis Advisors LLC now owns 149,706 shares of the transportation company’s stock valued at $7,102,000 after acquiring an additional 16,296 shares during the period. TD Asset Management Inc increased its position in Delta Air Lines by 95.2% in the 2nd quarter. TD Asset Management Inc now owns 384,871 shares of the transportation company’s stock valued at $18,258,000 after acquiring an additional 187,656 shares during the period. National Bank of Canada FI increased its position in Delta Air Lines by 3.7% in the 2nd quarter. National Bank of Canada FI now owns 352,298 shares of the transportation company’s stock valued at $16,525,000 after acquiring an additional 12,468 shares during the period. Finally, Victory Capital Management Inc. increased its position in Delta Air Lines by 16.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,237,121 shares of the transportation company’s stock valued at $58,689,000 after acquiring an additional 179,261 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 9.1 %

Shares of DAL stock opened at $66.99 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines has a 1 year low of $36.34 and a 1 year high of $68.99. The firm’s fifty day moving average price is $62.27 and its two-hundred day moving average price is $51.87. The firm has a market capitalization of $43.23 billion, a P/E ratio of 9.30, a PEG ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. On average, equities analysts predict that Delta Air Lines will post 6.08 EPS for the current fiscal year.

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.