Delta Air Lines (NYSE:DAL) Price Target Raised to $65.00

Delta Air Lines (NYSE:DAL) had its price target upped by investment analysts at Sanford C. Bernstein from $62.00 to $65.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 28.28% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group upped their price target on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen decreased their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $63.89.

Delta Air Lines Trading Up 2.4 %

Shares of NYSE:DAL traded up $1.20 during trading on Tuesday, reaching $50.67. 5,373,602 shares of the stock were exchanged, compared to its average volume of 9,444,442. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $53.86. The firm has a market cap of $32.70 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. The firm’s 50-day moving average price is $43.48 and its 200 day moving average price is $46.76.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The company had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.68 EPS. On average, sell-side analysts anticipate that Delta Air Lines will post 6.18 earnings per share for the current fiscal year.

Insider Activity at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $878,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors and hedge funds have recently made changes to their positions in the company. Kimelman & Baird LLC acquired a new stake in Delta Air Lines in the second quarter worth $31,000. Rise Advisors LLC increased its position in Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after buying an additional 452 shares during the period. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines in the second quarter worth $40,000. Quarry LP acquired a new stake in Delta Air Lines in the second quarter worth $41,000. Finally, Richard W. Paul & Associates LLC increased its position in Delta Air Lines by 68.7% in the second quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after buying an additional 357 shares during the period. 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.