Delta Air Lines Stock Rating Reaffirmed by Morgan Stanley (DAL)
Delta Air Lines (NYSE:DAL)‘s stock had its “overweight” rating reaffirmed by analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, American Banking News reports.
The analysts wrote, “DAL reiterated its goal to reach an annual op. margin of 10-12%, a level we believe is attainable due to a combination of (A) leverage to a Stronger For Longer cycle and (B) the various sources of DAL-specific alpha we’ve highlighted in the past (see DALpha Deja Vu 10/3/13),” the report noted. “Though DAL mgmt was reluctant to declare an outright return to prior peak margins, which are north of 12%, mgmt made clear that the combination of increased concentration, higher fuel prices and a different financing environment support the case for continued margin expansion from here even without a meaningful reacceleration in real GDP.”
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 13.28.
Delta Air Lines (NYSE:DAL) last released its earnings data on Tuesday, January 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Delta Air Lines will post $3.13 EPS for the current fiscal year.
A number of other firms have also recently commented on DAL. Analysts at CRT Capital raised their price target on shares of Delta Air Lines from $36.00 to $38.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Delta Air Lines from $35.00 to $42.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $33.00.
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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