Delta Air Lines (NYSE:DAL) PT Raised to $60.00 at Jefferies Financial Group

Delta Air Lines (NYSE:DAL) had its target price boosted by analysts at Jefferies Financial Group from $56.00 to $60.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price target points to a potential upside of 26.48% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. TD Cowen lowered their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Sanford C. Bernstein cut their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $61.83.

Delta Air Lines Stock Down 2.0 %

DAL stock opened at $47.44 on Wednesday. The stock has a market capitalization of $30.61 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $43.25 and a 200-day moving average price of $46.67. Delta Air Lines has a 12 month low of $30.60 and a 12 month high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.01). The company had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. Delta Air Lines’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.68 EPS. As a group, equities research analysts anticipate that Delta Air Lines will post 6.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds have recently added to or reduced their stakes in DAL. Wellington Management Group LLP boosted its holdings in shares of Delta Air Lines by 220.2% during the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after buying an additional 5,914,301 shares in the last quarter. Capital International Investors lifted its position in shares of Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after acquiring an additional 1,689,053 shares during the period. Royal London Asset Management Ltd. boosted its stake in Delta Air Lines by 27.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after acquiring an additional 1,376,221 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Delta Air Lines in the second quarter worth $60,217,000. Finally, Russell Investments Group Ltd. increased its stake in Delta Air Lines by 96.1% in the first quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock valued at $119,057,000 after purchasing an additional 1,219,074 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.