Delta Air Lines (NYSE:DAL) Price Target Raised to $90.00

Delta Air Lines (NYSE:DAL) had its price objective hoisted by stock analysts at Barclays from $60.00 to $90.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 38.16% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. TD Cowen lifted 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 report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Susquehanna upped their price target on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. One equities research 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.23.

Delta Air Lines Stock Up 1.1 %

Shares of DAL stock traded up $0.68 on Thursday, hitting $65.14. The stock had a trading volume of 3,521,143 shares, compared to its average volume of 9,379,762. Delta Air Lines has a one year low of $35.28 and a one year high of $66.21. The business has a 50 day moving average price of $52.17 and a 200 day moving average price of $48.51. The company has a market cap of $42.03 billion, a PE ratio of 9.04, a P/E/G ratio of 1.22 and a beta of 1.33. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

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 analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.03 earnings per share. Research analysts anticipate that Delta Air Lines will post 6.07 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In related news, 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 transaction of $3,830,440.00. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $24,775,004.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP acquired a new position in shares of Delta Air Lines during the 3rd quarter worth about $189,296,000. Jupiter Asset Management Ltd. purchased a new position in Delta Air Lines in the 2nd quarter valued at about $60,217,000. Dimensional Fund Advisors LP raised its holdings in shares of Delta Air Lines by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after acquiring an additional 1,105,674 shares during the last quarter. Finally, Sanders Capital LLC boosted its stake in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. 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.