Imperium Capital Increases Delta Air Lines Price Target to $31.00 (DAL)
Equities researchers at Imperium Capital hoisted their price target on shares of Delta Air Lines (NYSE:DAL) from $26.00 to $31.00 in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Imperium Capital’s price target would suggest a potential upside of 26.32% from the stock’s previous close.
A number of other analysts have also recently weighed in on DAL. 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. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.14.
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 stock was sold at an average price of $24.00, for a total value of $3,120,000.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this link.
Delta Air Lines (NYSE:DAL) traded up 1.20% on Thursday, hitting $24.54. 16,929,516 shares of the company’s stock traded hands. Delta Air Lines has a 52 week low of $9.21 and a 52 week high of $24.77. The stock’s 50-day moving average is $21.52 and its 200-day moving average is $19.00. The company has a market cap of $20.859 billion and a P/E ratio of 11.88. Delta Air Lines also saw some unusual options trading activity on Tuesday. Investors purchased 45,806 call options on the stock. This is an increase of 151% compared to the typical daily volume of 18,282 call options.
Delta Air Lines (NYSE:DAL) last issued its quarterly 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. Analysts expect that Delta Air Lines will post $2.82 EPS 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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