TD Cowen Increases Delta Air Lines (NYSE:DAL) Price Target to $82.00

Delta Air Lines (NYSE:DAL) had its price target increased by TD Cowen from $77.00 to $82.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 15.01% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Citigroup restated a “buy” rating on shares of Delta Air Lines in a report on Wednesday. Cowen restated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday. Wall Street Zen lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Rothschild & Co Redburn boosted their target price on Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $75.99.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $71.30 on Wednesday. Delta Air Lines has a 12 month low of $34.74 and a 12 month high of $73.16. The firm has a market capitalization of $46.55 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.17 and a beta of 1.38. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $65.21 and a two-hundred day simple moving average of $59.86.

Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The firm had revenue of $8.40 billion for the quarter. On average, equities analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In related news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. This trade represents a 46.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by insiders.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently made changes to their positions in DAL. Signature Resources Capital Management LLC bought a new position in Delta Air Lines during the second quarter valued at approximately $25,000. AlphaQuest LLC raised its stake in Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares during the last quarter. NewSquare Capital LLC lifted its holdings in shares of Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares during the period. Accredited Wealth Management LLC boosted its stake in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after buying an additional 476 shares during the last quarter. Finally, Activest Wealth Management boosted its stake in shares of Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after buying an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.