Susquehanna Issues Positive Forecast for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL) had its price objective raised by Susquehanna from $59.00 to $75.00 in a report published on Tuesday,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Bank of America increased their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. TD Cowen boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Citigroup boosted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $77.06.

Delta Air Lines Price Performance

Shares of DAL opened at $61.52 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a market cap of $39.70 billion, a PE ratio of 8.54, a PEG ratio of 1.21 and a beta of 1.35. The firm’s 50 day moving average price is $62.10 and its 200 day moving average price is $51.73. Delta Air Lines has a twelve month low of $36.34 and a twelve month high of $67.50.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The business 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 firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 EPS. As a group, research analysts expect that Delta Air Lines will post 6.08 EPS for the current fiscal year.

Insider Activity

In other news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value 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. Over the last ninety days, insiders have sold 136,809 shares of company stock worth $7,871,765. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DAL. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth about $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth approximately $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $31,000. Modus Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter worth approximately $33,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Delta Air Lines during the 2nd quarter valued at $36,000. 69.93% of the stock is owned by institutional investors.

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.