Delta Air Lines (NYSE:DAL) Price Target Raised to $112.00 at TD Cowen

Delta Air Lines (NYSE:DAL) had its price target increased by TD Cowen from $106.00 to $112.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on DAL. The Goldman Sachs Group boosted their price objective on shares of Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Susquehanna lifted their target price on Delta Air Lines from $78.00 to $108.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Jefferies Financial Group lifted their target price on Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday. Cantor Fitzgerald set a $112.00 price target on Delta Air Lines in a research report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Delta Air Lines in a research note on Tuesday, July 7th. Twenty-three 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 has an average rating of “Moderate Buy” and an average price target of $100.40.

Delta Air Lines Stock Down 0.8%

NYSE:DAL opened at $85.48 on Tuesday. The firm’s 50 day simple moving average is $81.76 and its 200 day simple moving average is $72.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines has a one year low of $50.44 and a one year high of $95.68. The company has a market cap of $56.22 billion, a PE ratio of 14.18, a P/E/G ratio of 1.06 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period in the previous year, the firm posted $2.10 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines will post 6.7 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be given a $0.215 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio is 14.26%.

Insider Transactions at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction on 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 transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the sale, the executive vice president owned 138,854 shares of the company’s stock, valued at $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,331 shares of company stock worth $5,036,638 over the last three months. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Delta Air Lines

Institutional investors have recently made changes to their positions in the stock. Accel Wealth Management acquired a new position in Delta Air Lines during the 2nd quarter worth approximately $204,000. Tema ETFs LLC boosted its holdings in Delta Air Lines by 10.2% in the second quarter. Tema ETFs LLC now owns 12,545 shares of the transportation company’s stock worth $1,175,000 after acquiring an additional 1,160 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Delta Air Lines in the second quarter valued at approximately $1,379,000. Arbor Wealth Advisors LLC acquired a new stake in Delta Air Lines in the second quarter valued at approximately $234,000. Finally, Great Waters Wealth Management increased its holdings in shares of Delta Air Lines by 6.8% during the second quarter. Great Waters Wealth Management now owns 6,944 shares of the transportation company’s stock valued at $650,000 after acquiring an additional 442 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines News Roundup

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: TD Cowen raised its price target on Delta to $112 and reiterated a buy rating, highlighting further upside after the airline’s strong quarterly performance.
• Positive Sentiment: JPMorgan also lifted its price target to $114 and kept an overweight rating, reflecting growing analyst confidence in Delta’s earnings outlook.
• Positive Sentiment: Multiple reports pointed to healthy travel demand, premium cabin strength, and resilient cash flow, suggesting Delta can keep growing revenue even in a higher-cost environment. Article Title
• Positive Sentiment: Delta said cheaper jet fuel may not translate into lower airfares, implying pricing power could remain intact and margins may stay supported. Article Title
• Neutral Sentiment: Several coverage pieces framed Delta as a value or momentum stock trading at a reasonable valuation, but these are more confirmation than a new catalyst.
• Negative Sentiment: Rising geopolitical tensions in Iran were flagged as a potential headwind for airline stocks because they could pressure fuel prices and create turbulence for travel demand. Article Title
• Negative Sentiment: Fuel costs remain a key risk, with Delta noting a sharp jump in fuel expense during the quarter, which could keep margin pressure in focus if energy prices rise again.

Delta Air Lines Company Profile

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.