Susquehanna Boosts Delta Air Lines (NYSE:DAL) Price Target to $108.00

Delta Air Lines (NYSE:DAL) had its price target upped by analysts at Susquehanna from $78.00 to $108.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 17.78% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. HSBC lowered their price target on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. Wolfe Research reduced their price objective on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Evercore boosted their target price on Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. The Goldman Sachs Group upped their target price on shares of Delta Air Lines from $80.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley raised their price target on shares of Delta Air Lines from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Twenty-four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.60.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $91.70 on Tuesday. Delta Air Lines has a twelve month low of $49.19 and a twelve month high of $95.68. The firm has a market cap of $60.25 billion, a P/E ratio of 13.37, a PEG ratio of 1.39 and a beta of 1.29. The company has a 50 day moving average of $78.99 and a 200 day moving average of $71.91. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts expect that Delta Air Lines will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 15,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares in the company, valued at $3,893,364.09. The trade was a 21.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 149,635 shares of company stock worth $10,833,855 in the last three months. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd boosted its stake in shares of Delta Air Lines by 0.5% during the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after acquiring an additional 144 shares during the last quarter. Utah Retirement Systems raised its holdings in Delta Air Lines by 0.3% in the 4th quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock worth $3,652,000 after purchasing an additional 144 shares during the period. First Financial Bank Trust Division raised its holdings in Delta Air Lines by 3.3% in the 4th quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock worth $328,000 after purchasing an additional 150 shares during the period. HBK Sorce Advisory LLC lifted its position in Delta Air Lines by 2.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 151 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Delta Air Lines by 2.4% during the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.