Jefferies Financial Group Has Lowered Expectations for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL) had its price target lowered by stock analysts at Jefferies Financial Group from $74.00 to $72.00 in a research report issued on Tuesday,MarketScreener reports. The firm currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 6.54% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Bank of America raised their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Seaport Global Securities raised their target price on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Sanford C. Bernstein upped their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Rothschild & Co Redburn increased their price target on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $71.58.

Delta Air Lines Stock Up 3.7%

NYSE DAL opened at $67.58 on Tuesday. The business has a fifty day moving average price of $59.33 and a two-hundred day moving average price of $56.09. The stock has a market capitalization of $44.13 billion, a PE ratio of 9.52, a PEG ratio of 1.47 and a beta of 1.38. Delta Air Lines has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

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

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delta Air Lines

Large investors have recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its stake in Delta Air Lines by 3.3% in the third quarter. Private Trust Co. NA now owns 5,493 shares of the transportation company’s stock valued at $312,000 after buying an additional 174 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Delta Air Lines by 3.2% during the 3rd quarter. HBK Sorce Advisory LLC now owns 5,871 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 181 shares during the period. Foundations Investment Advisors LLC boosted its stake in Delta Air Lines by 2.6% during the second quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company’s stock worth $386,000 after acquiring an additional 196 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Delta Air Lines by 1.2% during the third quarter. Advisors Asset Management Inc. now owns 16,237 shares of the transportation company’s stock worth $921,000 after acquiring an additional 197 shares in the last quarter. Finally, JT Stratford LLC raised its holdings in shares of Delta Air Lines by 1.2% during the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.