Delta Air Lines (NYSE:DAL) Price Target Raised to $38.00

Delta Air Lines (NYSE:DAL) had its price objective increased by Goldman Sachs Group from $33.00 to $38.00 in a research note released on Monday, The Fly reports. They currently have a neutral rating on the transportation company’s stock.

DAL has been the subject of several other reports. UBS Group cut their target price on Delta Air Lines from $62.00 to $37.00 and set a neutral rating for the company in a research note on Friday, March 13th. Credit Suisse Group reiterated a market perform rating and issued a $42.00 price target on shares of Delta Air Lines in a research note on Friday, June 12th. Deutsche Bank dropped their price target on Delta Air Lines from $51.00 to $47.00 and set a buy rating for the company in a research note on Tuesday, April 21st. Raymond James dropped their price target on Delta Air Lines from $40.00 to $36.00 and set an outperform rating for the company in a research note on Thursday, April 23rd. Finally, Cowen started coverage on Delta Air Lines in a research note on Friday, May 29th. They issued a buy rating and a $33.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $51.80.

Shares of DAL stock opened at $27.72 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.25. The stock has a market cap of $17.67 billion, a P/E ratio of 5.14 and a beta of 1.25. The stock has a 50 day simple moving average of $27.17 and a 200 day simple moving average of $39.75. Delta Air Lines has a 1 year low of $17.51 and a 1 year high of $63.44.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.21. Delta Air Lines had a return on equity of 25.95% and a net margin of 7.76%. The business had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. Analysts forecast that Delta Air Lines will post -7.83 EPS for the current year.

In other news, EVP Rahul D. Samant sold 7,475 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $26.72, for a total transaction of $199,732.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David S. Taylor acquired 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $21.95 per share, for a total transaction of $65,850.00. Following the transaction, the director now directly owns 8,460 shares in the company, valued at $185,697. The disclosure for this purchase can be found here. Company insiders own 0.63% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC lifted its position in Delta Air Lines by 0.3% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 78,238 shares of the transportation company’s stock valued at $4,575,000 after acquiring an additional 210 shares in the last quarter. IHT Wealth Management LLC lifted its position in Delta Air Lines by 2.9% in the 4th quarter. IHT Wealth Management LLC now owns 8,407 shares of the transportation company’s stock valued at $492,000 after acquiring an additional 233 shares in the last quarter. High Pointe Capital Management LLC lifted its position in Delta Air Lines by 1.7% in the 4th quarter. High Pointe Capital Management LLC now owns 14,320 shares of the transportation company’s stock valued at $837,000 after acquiring an additional 240 shares in the last quarter. Ameritas Investment Company LLC lifted its position in Delta Air Lines by 16.5% in the 4th quarter. Ameritas Investment Company LLC now owns 2,271 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 322 shares in the last quarter. Finally, Circle Wealth Management LLC lifted its position in Delta Air Lines by 1.3% in the 4th quarter. Circle Wealth Management LLC now owns 27,420 shares of the transportation company’s stock valued at $1,604,000 after acquiring an additional 346 shares in the last quarter. 75.69% of the stock is currently owned by institutional investors.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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