Delta Air Lines (NYSE:DAL) PT Raised to $59.00 at Susquehanna

Delta Air Lines (NYSE:DAL) had its price target hoisted by research analysts at Susquehanna from $50.00 to $59.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 13.92% from the stock’s current price.

A number of other brokerages have also recently issued reports on DAL. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein increased their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, TD Cowen lowered their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $64.35.

Delta Air Lines Stock Up 2.3 %

Shares of DAL stock traded up $1.17 during trading on Wednesday, reaching $51.79. The company’s stock had a trading volume of 1,776,535 shares, compared to its average volume of 9,421,791. Delta Air Lines has a 1-year low of $30.60 and a 1-year high of $53.86. The stock’s 50-day moving average price is $43.63 and its 200 day moving average price is $46.80. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.90 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35.

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

Insider Buying and Selling

In other news, Director Willie Cw Chiang acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. This represents a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Delta Air Lines

A number of hedge funds have recently made changes to their positions in DAL. Perpetual Ltd bought a new position in Delta Air Lines during the 3rd quarter valued at $1,718,000. Wedmont Private Capital lifted its position in shares of Delta Air Lines by 14.4% during the third quarter. Wedmont Private Capital now owns 12,993 shares of the transportation company’s stock worth $643,000 after purchasing an additional 1,638 shares during the last quarter. CWM LLC lifted its position in shares of Delta Air Lines by 87.5% during the third quarter. CWM LLC now owns 34,919 shares of the transportation company’s stock worth $1,774,000 after purchasing an additional 16,294 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines in the third quarter worth about $25,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in Delta Air Lines by 52.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 2,428 shares of the transportation company’s stock valued at $123,000 after buying an additional 831 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.