Delta Air Lines, Inc. (NYSE:DAL) Receives $75.83 Average PT from Analysts

Shares of Delta Air Lines, Inc. (NYSE:DAL) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $77.06.

A number of equities research analysts have commented on the stock. TD Cowen raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Citigroup raised their price target 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. Bank of America raised their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,809 shares of company stock valued at $7,871,765 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

Several hedge funds have recently added to or reduced their stakes in DAL. Van ECK Associates Corp raised its position in Delta Air Lines by 50.4% in the second quarter. Van ECK Associates Corp now owns 3,959 shares of the transportation company’s stock worth $188,000 after acquiring an additional 1,327 shares during the period. Natixis Advisors LLC raised its position 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 worth $7,102,000 after acquiring an additional 16,296 shares during the period. TD Asset Management Inc raised its position in shares of Delta Air Lines by 95.2% in the second 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 raised its position in shares of Delta Air Lines by 3.7% in the second 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 position in shares of Delta Air Lines by 16.9% in the second quarter. Victory Capital Management Inc. now owns 1,237,121 shares of the transportation company’s stock valued at $58,689,000 after purchasing an additional 179,261 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 9.1 %

NYSE:DAL opened at $66.99 on Friday. The firm’s fifty day moving average is $62.27 and its 200-day moving average is $51.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines has a 52 week low of $36.34 and a 52 week high of $68.99. The firm has a market cap of $43.23 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts expect that Delta Air Lines will post 6.08 earnings per share for the current year.

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.