Delta Air Lines (NYSE:DAL) has been assigned a $67.00 price objective by equities researchers at Stephens in a report released on Monday. The firm currently has a “buy” rating on the transportation company’s stock. Stephens’ price target would suggest a potential upside of 19.44% from the stock’s previous close.
A number of other brokerages also recently weighed in on DAL. Vetr downgraded Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target on the stock. in a report on Wednesday, November 29th. UBS reissued a “buy” rating and issued a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Zacks Investment Research downgraded Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. J P Morgan Chase & Co increased their price target on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $63.83.
Shares of Delta Air Lines (NYSE DAL) remained flat at $$56.10 during trading on Monday. 1,404,590 shares of the company’s stock were exchanged, compared to its average volume of 7,811,433. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. The stock has a market cap of $39,997.79, a P/E ratio of 11.69, a P/E/G ratio of 1.70 and a beta of 1.29. Delta Air Lines has a fifty-two week low of $43.81 and a fifty-two week high of $56.49.
In related news, insider Steven M. Sear sold 6,898 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total transaction of $365,662.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock valued at $12,684,903 over the last ninety days. 0.37% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in DAL. IHT Wealth Management LLC lifted its holdings in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Delta Air Lines in the 2nd quarter worth approximately $114,000. FNY Managed Accounts LLC acquired a new position in Delta Air Lines in the 1st quarter worth approximately $100,000. Tompkins Financial Corp acquired a new position in Delta Air Lines in the 1st quarter worth approximately $107,000. Finally, TrimTabs Asset Management LLC increased its holdings in Delta Air Lines by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the period. Institutional investors and hedge funds own 85.24% of the company’s stock.
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Delta Air Lines Company Profile
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.
