Analysts Set Delta Air Lines, Inc. (NYSE:DAL) Target Price at $75.83

Shares of Delta Air Lines, Inc. (NYSE:DAL) have received an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $77.06.

DAL has been the topic of a number of analyst reports. Citigroup increased their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group raised their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, TD Cowen boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Delta Air Lines Stock Up 1.8 %

DAL stock opened at $61.13 on Friday. The business’s fifty day moving average price is $61.95 and its two-hundred day moving average price is $51.59. The stock has a market capitalization of $39.45 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.21 and a beta of 1.35. Delta Air Lines has a fifty-two week low of $36.34 and a fifty-two week high of $67.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter last year, the firm earned $2.03 EPS. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds have recently modified their holdings of the business. Van ECK Associates Corp grew its position in shares of Delta Air Lines by 50.4% in the 2nd quarter. Van ECK Associates Corp now owns 3,959 shares of the transportation company’s stock valued at $188,000 after buying an additional 1,327 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Delta Air Lines by 12.2% in the second quarter. Natixis Advisors LLC now owns 149,706 shares of the transportation company’s stock valued at $7,102,000 after acquiring an additional 16,296 shares during the last quarter. TD Asset Management Inc increased its position in Delta Air Lines by 95.2% during the 2nd quarter. TD Asset Management Inc now owns 384,871 shares of the transportation company’s stock valued at $18,258,000 after purchasing an additional 187,656 shares during the period. National Bank of Canada FI increased its position in Delta Air Lines by 3.7% during the 2nd quarter. National Bank of Canada FI now owns 352,298 shares of the transportation company’s stock valued at $16,525,000 after purchasing an additional 12,468 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Delta Air Lines by 16.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,237,121 shares of the transportation company’s stock worth $58,689,000 after purchasing an additional 179,261 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Company Profile

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.