Delta Air Lines PT Raised to $42.00 (DAL)
Research analysts at Imperial Capital raised their price target on shares of Delta Air Lines (NYSE:DAL) from $35.00 to $42.00 in a report released on Wednesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target would indicate a potential upside of 30.92% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company raised their price target on shares of Delta Air Lines from $34.00 to $37.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at CRT Capital raised their price target on shares of Delta Air Lines from $35.00 to $36.00 in a research note to investors on Tuesday, January 14th. They now have a “buy” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.83.
Delta Air Lines (NYSE:DAL) opened at 32.08 on Wednesday. Delta Air Lines has a 52 week low of $13.16 and a 52 week high of $32.65. The stock has a 50-day moving average of $28.85 and a 200-day moving average of $24.. The company has a market cap of $27.300 billion and a P/E ratio of 12.87.
Delta Air Lines (NYSE:DAL) last released its earnings data on Tuesday, January 21st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.02. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $3.13 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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