Delta Air Lines (NYSE:DAL) Given New $75.00 Price Target at TD Cowen

Delta Air Lines (NYSE:DAL) had its price objective raised by research analysts at TD Cowen from $59.00 to $75.00 in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target points to a potential upside of 18.00% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Bank of America upped their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Sanford C. Bernstein upped their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Barclays upped their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Susquehanna upped their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average price target of $67.73.

Delta Air Lines Trading Up 4.1 %

Shares of NYSE DAL opened at $63.56 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. Delta Air Lines has a 52-week low of $33.69 and a 52-week high of $63.83. The firm has a 50 day moving average price of $51.29 and a two-hundred day moving average price of $48.30. The stock has a market cap of $41.01 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results 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). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter last year, the company posted $2.03 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Delta Air Lines will post 6.12 EPS for the current year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the firm’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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,710 shares of company stock valued at $6,739,745. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

Institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at about $31,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at about $31,000. Unique Wealth Strategies LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at about $40,000. Finally, Quarry LP purchased a new stake in shares of Delta Air Lines in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

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.