Delta Air Lines PT Raised to $36.00 (DAL)
Equities research analysts at CRT Capital boosted their target price on shares of Delta Air Lines (NYSE:DAL) from $35.00 to $36.00 in a research note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective points to a potential upside of 16.43% from the company’s current price.
Shares of Delta Air Lines (NYSE:DAL) opened at 30.92 on Tuesday. Delta Air Lines has a 52 week low of $13.16 and a 52 week high of $31.78. The stock has a 50-day moving average of $28. and a 200-day moving average of $24.16. The company has a market cap of $26.313 billion and a price-to-earnings ratio of 13.03.
Delta Air Lines (NYSE:DAL) last released its earnings data on Tuesday, October 22nd. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.75. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.47 billion. During the same quarter last year, the company posted $0.90 earnings per share. Delta Air Lines’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Delta Air Lines will post $3.13 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Atlantic Securities initiated coverage on shares of Delta Air Lines in a research note to investors on Wednesday, January 8th. They set an “overweight” rating on the stock. Separately, analysts at S&P Equity Research upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Evercore Partners upgraded shares of Delta Air Lines from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.75.
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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