Delta Air Lines (NYSE:DAL) PT Raised to $61.00

Delta Air Lines (NYSE:DAL) had its price target raised by investment analysts at TD Cowen from $55.00 to $61.00 in a note issued to investors on Tuesday, Briefing.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price would indicate a potential upside of 30.05% from the stock’s current price.

A number of other equities research analysts have also weighed in on DAL. UBS Group began coverage on Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price for the company. HSBC began coverage on Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 target price for the company. Citigroup lifted their target price on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group decreased their target price on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $60.30.

Delta Air Lines Price Performance

NYSE:DAL opened at $46.91 on Tuesday. The firm has a market capitalization of $30.27 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 0.70 and a beta of 1.35. Delta Air Lines has a 1 year low of $30.60 and a 1 year high of $53.86. The business has a 50 day simple moving average of $50.63 and a 200-day simple moving average of $45.20. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same period last year, the company earned $0.25 EPS. Delta Air Lines’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts forecast that Delta Air Lines will post 6.61 EPS for the current year.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $495,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Willie Cw Chiang purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $495,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 178,919 shares of company stock worth $8,834,653. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Delta Air Lines

Several large investors have recently added to or reduced their stakes in DAL. Manchester Capital Management LLC lifted its holdings in shares of Delta Air Lines by 24.7% in the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after buying an additional 195 shares during the period. HBK Sorce Advisory LLC lifted its holdings in shares of Delta Air Lines by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after buying an additional 221 shares during the period. Silverlake Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 2.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock valued at $390,000 after buying an additional 229 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Delta Air Lines by 7.2% in the 1st quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock valued at $166,000 after buying an additional 233 shares during the period. Finally, Norden Group LLC lifted its holdings in shares of Delta Air Lines by 1.8% in the 1st quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after buying an additional 243 shares during the period. 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.