Delta Air Lines (NYSE:DAL) Price Target Raised to $75.00

Delta Air Lines (NYSE:DAL) had its price target raised by research analysts at TD Cowen from $59.00 to $75.00 in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price would suggest a potential upside of 16.35% from the stock’s current price.

DAL has been the topic of a number of other research reports. Barclays increased their price target on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Bank of America increased their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Jefferies Financial Group lifted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Susquehanna increased their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $67.73.

Delta Air Lines Price Performance

Shares of DAL opened at $64.46 on Tuesday. The company has a market cap of $41.59 billion, a P/E ratio of 8.95, a PEG ratio of 1.22 and a beta of 1.33. Delta Air Lines has a fifty-two week low of $34.87 and a fifty-two week high of $65.74. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average price is $51.72 and its 200 day moving average price is $48.40.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 EPS. On average, research analysts forecast that Delta Air Lines will post 6.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the transaction, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 over the last quarter. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

Hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its stake in shares of Delta Air Lines by 7.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 12,625 shares of the transportation company’s stock worth $604,000 after acquiring an additional 856 shares during the period. Forsta AP Fonden acquired a new stake in Delta Air Lines in the first quarter valued at about $460,000. Sei Investments Co. boosted its holdings in Delta Air Lines by 11.1% in the 1st quarter. Sei Investments Co. now owns 336,176 shares of the transportation company’s stock valued at $16,093,000 after purchasing an additional 33,646 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of Delta Air Lines during the 1st quarter worth approximately $221,000. Finally, QRG Capital Management Inc. raised its stake in shares of Delta Air Lines by 24.4% during the 1st quarter. QRG Capital Management Inc. now owns 33,594 shares of the transportation company’s stock worth $1,608,000 after buying an additional 6,580 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

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.