Deutsche Bank Increases Delta Air Lines Price Target to $31.00 (DAL)
Stock analysts at Deutsche Bank lifted their price target on shares of Delta Air Lines (NYSE:DAL) from $25.00 to $31.00 in a report issued on Tuesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 24.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Delta Air Lines from $25.00 to $33.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $26.00 to $30.00 in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Delta Air Lines from $25.00 to $28.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and an average target price of $26.50.
In other Delta Air Lines news, EVP Glen Hauenstein unloaded 130,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 24th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Delta Air Lines (NYSE:DAL) traded down 2.45% on Tuesday, hitting $24.24. 7,895,948 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 $25.43. The stock’s 50-day moving average is $21.98 and its 200-day moving average is $19.19. The company has a market cap of $20.604 billion and a price-to-earnings ratio of 12.18.
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. On average, analysts predict that Delta Air Lines will post $2.98 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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