Delta Air Lines (NYSE:DAL) Price Target Raised to $80.00 at Deutsche Bank Aktiengesellschaft

Delta Air Lines (NYSE:DAL) had its price objective increased by Deutsche Bank Aktiengesellschaft from $60.00 to $80.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Other analysts have also recently issued reports about the company. Susquehanna increased their price objective on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein increased their price objective on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Bank of America boosted their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $72.75.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $63.34 on Thursday. The company has a market cap of $40.87 billion, a P/E ratio of 8.80, a PEG ratio of 1.20 and a beta of 1.33. The firm has a 50-day simple moving average of $55.01 and a two-hundred day simple moving average of $49.11. Delta Air Lines has a 1 year low of $35.46 and a 1 year high of $66.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

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

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Several institutional investors have recently made changes to their positions in DAL. Huntington National Bank boosted its holdings in Delta Air Lines by 2.9% during the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after buying an additional 189 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of Delta Air Lines by 13.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after acquiring an additional 200 shares in the last quarter. Oakworth Capital Inc. grew its holdings in shares of Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after acquiring an additional 204 shares during the period. Total Investment Management Inc. increased its stake in Delta Air Lines by 3.0% in the 3rd quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 212 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Delta Air Lines by 6.0% during the third quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock worth $229,000 after purchasing an additional 239 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

About Delta Air Lines

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.