Delta Air Lines (NYSE:DAL – Get Rating) had its price target boosted by Raymond James from $50.00 to $52.00 in a research report released on Tuesday morning, The Fly reports.
DAL has been the topic of several other reports. Susquehanna Bancshares dropped their target price on shares of Delta Air Lines from $47.00 to $35.00 and set a positive rating on the stock in a research report on Tuesday, July 12th. TheStreet raised Delta Air Lines from a d+ rating to a c- rating in a research report on Tuesday, September 20th. Berenberg Bank dropped their price target on Delta Air Lines from $54.00 to $48.50 in a research report on Wednesday, July 20th. Susquehanna decreased their price objective on Delta Air Lines from $47.00 to $35.00 and set a positive rating for the company in a research report on Tuesday, July 12th. Finally, Evercore ISI dropped their target price on Delta Air Lines from $65.00 to $56.00 and set an outperform rating on the stock in a report on Monday, June 27th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $49.62.
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Delta Air Lines Trading Up 8.8 %
Shares of NYSE:DAL opened at $30.75 on Tuesday. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.59 and a current ratio of 0.66. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 33.42 and a beta of 1.17. Delta Air Lines has a 1-year low of $27.20 and a 1-year high of $46.27. The company has a 50 day moving average price of $32.04 and a 200 day moving average price of $35.01.
Delta Air Lines (NYSE:DAL – Get Rating) last released its quarterly earnings data on Wednesday, July 13th. The transportation company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.27). Delta Air Lines had a return on equity of 14.26% and a net
margin of 1.43%. The company had revenue of $13.82 billion for the quarter, compared to the consensus estimate of $13.40 billion. During the same period in the prior year, the business earned ($1.07) earnings per share. The business's revenue was up 93.9% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines will post 2.78 EPS for the current fiscal year.
Insider Buying and Selling at Delta Air Lines
In other news, Director David S. Taylor acquired 10,000 shares of Delta Air Lines stock in a transaction dated Thursday, July 14th. The stock was acquired at an average cost of $29.31 per share, for a total transaction of $293,100.00. Following the completion of the purchase, the director now owns 43,010 shares of the company's stock, valued at $1,260,623.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.84% of the company's stock.
Institutional Trading of Delta Air Lines
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commerce Bank increased its position in Delta Air Lines by 35.0% during the first quarter. Commerce Bank now owns 23,067 shares of the transportation company's stock worth $913,000 after acquiring an additional 5,975 shares during the period. Scout Investments Inc. acquired a new position in shares of Delta Air Lines during the first quarter valued at about $29,114,000. Pendal Group Ltd bought a new stake in shares of Delta Air Lines in the first quarter valued at about $258,000. Argent Trust Co grew its position in Delta Air Lines by 3.1% during the first quarter. Argent Trust Co now owns 34,172 shares of the transportation company's stock worth $1,352,000 after buying an additional 1,037 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Delta Air Lines by 1.3% during the first quarter. Stratos Wealth Partners LTD. now owns 34,940 shares of the transportation company's stock valued at $1,383,000 after acquiring an additional 432 shares during the period. Institutional investors and hedge funds own 67.90% of the company's stock.
About Delta Air Lines
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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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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