Delta Air Lines Price Target Increased to $28.00 by Analysts at Raymond James (DAL)
Research analysts at Raymond James boosted their price objective on shares of Delta Air Lines (NYSE:DAL) from $25.00 to $28.00 in a report released on Thursday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 14.10% from the stock’s previous close.
In other Delta Air Lines news, EVP Glen Hauenstein unloaded 130,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $24.00, for a total transaction of $3,120,000.00. Following the completion of the sale, the executive vice president now directly owns 250,927 shares of the company’s stock, valued at approximately $6,022,248. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Imperium 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. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Delta Air Lines (NYSE:DAL) to $25.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.14.
Delta Air Lines (NYSE:DAL) traded up 1.20% during mid-day trading on Thursday, hitting $24.54. 16,929,516 shares of the company’s stock traded hands. Delta Air Lines has a one year low of $9.21 and a one year 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 $20.859 billion and a price-to-earnings ratio of 11.88. Delta Air Lines also saw some unusual options trading activity on Tuesday. Traders purchased 45,806 call options on the company. This represents an increase of approximately 151% compared to the typical volume of 18,282 call options.
Delta Air Lines (NYSE:DAL) last released its earnings data 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. On average, analysts predict that Delta Air Lines will post $2.82 earnings per share for the current fiscal year.
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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