Delta Air Lines Price Target Increased to $25.00 by Analysts at Goldman Sachs Group Inc. (DAL)
Equities researchers at Goldman Sachs Group Inc. hoisted their price target on shares of Delta Air Lines (NYSE:DAL) to $25.00 in a research report issued on Thursday, ARN reports. Goldman Sachs Group Inc.’s target price suggests a potential upside of 3.09% from the stock’s previous close.
Delta Air Lines (NYSE:DAL) traded up 1.28% on Thursday, hitting $24.56. The stock had a trading volume of 4,663,927 shares. Delta Air Lines has a 52-week low of $9.21 and a 52-week high of $24.77. The stock has a 50-day moving average of $21.52 and a 200-day moving average of $19.00. The company has a market cap of $20.876 billion and a P/E ratio of 11.88. Delta Air Lines also saw unusually large options trading on Tuesday. Stock traders acquired 45,806 call options on the stock. This represents an increase of 151% compared to the average volume of 18,282 call options.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, July 24th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.04. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts expect that Delta Air Lines will post $2.82 EPS for the current fiscal year.
In other Delta Air Lines news, EVP Glen Hauenstein sold 130,000 shares of Delta Air Lines stock on the open market in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $24.00, for a total value of $3,120,000.00. Following the sale, the executive vice president now directly owns 250,927 shares in the company, valued at approximately $6,022,248. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on DAL. Analysts at CRT Capital raised their price target on shares of Delta Air Lines (NYSE:DAL) from $25.00 to $28.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Delta Air Lines (NYSE:DAL) from $26.00 to $31.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Standpoint Research downgraded shares of Delta Air Lines (NYSE:DAL) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and an average price target of $24.15.
Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
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