Delta Air Lines (NYSE:DAL) Price Target Raised to $75.00

Delta Air Lines (NYSE:DAL) had its price target hoisted by Susquehanna from $59.00 to $75.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

Other equities analysts have also issued reports about the company. Barclays increased their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Sanford C. Bernstein increased their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Citigroup upped their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $77.06.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $61.52 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The firm has a market capitalization of $39.70 billion, a PE ratio of 8.54, a P/E/G ratio of 1.21 and a beta of 1.35. Delta Air Lines has a 1-year low of $36.34 and a 1-year high of $67.50. The business’s fifty day moving average price is $62.10 and its two-hundred day moving average price is $51.73.

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 net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines will post 6.08 EPS for the current year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,809 shares of company stock worth $7,871,765 in the last quarter. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DAL. First Hawaiian Bank boosted its position in Delta Air Lines by 32.1% during the 4th quarter. First Hawaiian Bank now owns 25,422 shares of the transportation company’s stock worth $1,538,000 after acquiring an additional 6,172 shares during the period. Fulton Bank N.A. acquired a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $382,000. International Assets Investment Management LLC purchased a new position in Delta Air Lines during the fourth quarter valued at approximately $571,000. Range Financial Group LLC acquired a new position in Delta Air Lines in the 4th quarter valued at approximately $363,000. Finally, Advance Capital Management Inc. purchased a new stake in Delta Air Lines in the 4th quarter worth approximately $240,000. Hedge funds and other institutional investors 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.