Barclays Increases Delta Air Lines (NYSE:DAL) Price Target to $90.00

Delta Air Lines (NYSE:DAL) had its price target raised by investment analysts at Barclays from $60.00 to $90.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential upside of 40.47% from the company’s current price.

A number of other equities research analysts have also commented on DAL. 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. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Susquehanna increased their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Sanford C. Bernstein increased their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $71.22.

Delta Air Lines Trading Down 1.2 %

NYSE:DAL opened at $64.07 on Thursday. Delta Air Lines has a 1-year low of $35.28 and a 1-year high of $66.25. The business’s 50-day moving average price is $52.62 and its two-hundred day moving average price is $48.62. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.23 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last released its earnings results 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). The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 EPS. On average, equities analysts expect that Delta Air Lines will post 6.07 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In related news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Delta Air Lines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth $31,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth $31,000. Unique Wealth Strategies LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth $40,000. Finally, Quarry LP acquired a new position in shares of Delta Air Lines during the 2nd quarter worth $41,000. 69.93% of the stock is owned by institutional investors and hedge funds.

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.