Analysts Set Delta Air Lines, Inc. (NYSE:DAL) Target Price at $78.22

Shares of Delta Air Lines, Inc. (NYSE:DAL) have earned an average recommendation of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $78.22.

Several brokerages recently weighed in on DAL. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. TD Cowen upped their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Citigroup lifted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st.

Delta Air Lines Stock Down 0.1 %

Shares of NYSE:DAL opened at $69.01 on Thursday. Delta Air Lines has a 12-month low of $37.29 and a 12-month high of $69.98. The stock has a market capitalization of $44.53 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.78 and a beta of 1.36. The stock has a fifty day simple moving average of $63.73 and a two-hundred day simple moving average of $54.41. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the business posted $1.28 EPS. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines will post 7.67 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $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 is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,423 shares of company stock worth $8,712,931 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Delta Air Lines

Several institutional investors have recently made changes to their positions in DAL. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines in the 3rd quarter worth approximately $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth $27,000. Hemington Wealth Management boosted its position in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines during the fourth quarter valued at $29,000. Finally, Crews Bank & Trust bought a new stake in Delta Air Lines in the 4th quarter valued at $30,000. 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.