Delta Air Lines, Inc. (DAL) Price Target Raised to $62.00
Delta Air Lines, Inc. (NYSE:DAL) had its target price increased by investment analysts at Cowen and Company from $58.00 to $62.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the transportation company’s stock. Cowen and Company’s price objective indicates a potential upside of 16.83% from the company’s current price.
A number of other analysts also recently commented on DAL. Imperial Capital raised Delta Air Lines to an “outperform” rating in a research note on Thursday. Barclays PLC began coverage on Delta Air Lines in a research note on Thursday, August 10th. They issued an “overweight” rating and a $70.00 price objective on the stock. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Wolfe Research raised Delta Air Lines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Finally, UBS AG reissued a “buy” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Two analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $62.15.
Delta Air Lines (NYSE DAL) opened at 53.07 on Thursday. The firm has a 50-day moving average price of $48.51 and a 200 day moving average price of $49.42. The stock has a market cap of $38.63 billion, a PE ratio of 10.52 and a beta of 1.24. Delta Air Lines has a 52-week low of $37.91 and a 52-week high of $55.75.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines will post $5.12 earnings per share for the current year.
In related news, Director George N. Mattson purchased 6,000 shares of Delta Air Lines stock in a transaction on Thursday, August 24th. The stock was bought at an average price of $45.44 per share, with a total value of $272,640.00. Following the completion of the transaction, the director now directly owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the completion of the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 76,000 shares of company stock worth $278,240 and sold 75,700 shares worth $4,171,150. Insiders own 0.37% of the company’s stock.
Several large investors have recently made changes to their positions in DAL. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines in the first quarter worth about $100,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Delta Air Lines during the 2nd quarter worth about $114,000. BB&T Investment Services Inc. acquired a new position in shares of Delta Air Lines during the 2nd quarter worth about $128,000. Bessemer Group Inc. lifted its position in shares of Delta Air Lines by 104.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares during the last quarter. 86.26% of the stock is owned by institutional investors.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
Receive News & Ratings for Delta Air Lines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.