In a report released yesterday, David Vernon from Bernstein maintained a Buy rating on Delta Air Lines (DAL – Research Report), with a price target of $66.00. The company’s shares closed last Friday at $51.55.
According to TipRanks, Vernon is a 4-star analyst with an average return of 6.1% and a 54.05% success rate. Vernon covers the Industrials sector, focusing on stocks such as American Airlines, Southwest Airlines, and United Airlines Holdings.
Currently, the analyst consensus on Delta Air Lines is a Strong Buy with an average price target of $58.25, a 13.00% upside from current levels. In a report released on April 28, Jefferies also assigned a Buy rating to the stock with a $58.00 price target.
Based on Delta Air Lines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $13.75 billion and a net profit of $37 million. In comparison, last year the company earned a revenue of $12.76 billion and had a GAAP net loss of $363 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DAL in relation to earlier this year.
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Delta Air Lines (DAL) Company Description:
Georgia-based Delta Air Lines, Inc. is one of the major airlines of the United States and a legacy carrier. The company provides scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments.
