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

Delta Air Lines (NYSE:DAL) had its target price raised by Susquehanna from $59.00 to $75.00 in a report released on Tuesday morning,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other research analysts have also weighed in on DAL. UBS Group reissued a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. TD Cowen boosted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $77.06.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $61.13 on Tuesday. The stock has a market cap of $39.45 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.21 and a beta of 1.35. 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 fifty-two week low of $36.34 and a fifty-two week high of $67.50. The firm’s 50-day simple moving average is $61.95 and its 200 day simple moving average is $51.59.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion during 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%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 EPS. As a group, research analysts anticipate that Delta Air Lines will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 over the last quarter. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines in the 3rd quarter valued at $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth $31,000. Ashton Thomas Securities LLC bought a new stake in Delta Air Lines during the third quarter valued at $31,000. Modus Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter worth about $33,000. Finally, Strategic Financial Concepts LLC bought a new position in Delta Air Lines in the 2nd quarter worth about $36,000. 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.