Deutsche Bank Reiterates Buy Rating for Delta Air Lines (DAL)
Delta Air Lines (NYSE:DAL)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Tuesday. They currently have a $48.00 price objective on the stock, up from their previous price objective of $40.00. Deutsche Bank’s price target would suggest a potential upside of 14.64% from the stock’s previous close.
Delta Air Lines (NYSE:DAL) traded down 0.57% during mid-day trading on Tuesday, hitting $41.63. 3,218,612 shares of the company’s stock traded hands. Delta Air Lines has a one year low of $17.29 and a one year high of $42.66. The stock has a 50-day moving average of $38.43 and a 200-day moving average of $33.16. The company has a market cap of $35.136 billion and a P/E ratio of 3.34.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $8.92 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $3.05 earnings per share for the current fiscal year.
In other Delta Air Lines news, EVP Michael H. Campbell sold 130,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $41.17, for a total transaction of $5,352,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on DAL. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Delta Air Lines in a research note on Friday, May 9th. They now have a $48.00 price target on the stock, up previously from $47.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines in a research note on Monday, May 5th. They now have a $39.00 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Delta Air Lines from $42.00 to $48.00 in a research note on Thursday, April 24th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $40.50.
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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