Delta Air Lines (NYSE:DAL) Stock Price Expected to Rise, TD Cowen Analyst Says

Delta Air Lines (NYSE:DAL) had its price objective lifted by TD Cowen from $78.00 to $90.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a buy rating on the transportation company’s stock.

A number of other analysts have also commented on DAL. Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Bank of America boosted their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. boosted their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Citigroup boosted their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Performance

Shares of DAL opened at $65.42 on Monday. 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 stock has a 50 day moving average price of $62.59 and a two-hundred day moving average price of $52.15. The firm has a market capitalization of $42.21 billion, a P/E ratio of 9.09, a P/E/G ratio of 1.17 and a beta of 1.35. Delta Air Lines has a 52 week low of $36.34 and a 52 week high of $68.99.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. Equities analysts forecast that Delta Air Lines will post 6.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,319 shares of company stock worth $6,794,748 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines in the third quarter valued at $25,000. Kimelman & Baird LLC bought a new position in Delta Air Lines in the second quarter valued at $31,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the third quarter valued at $31,000. Modus Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at $33,000. Finally, Versant Capital Management Inc increased its stake in Delta Air Lines by 829.2% in the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares during the last quarter. 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.