Delta Air Lines (NYSE:DAL) Price Target Raised to $85.00 at Susquehanna

by · The Cerbat Gem

Delta Air Lines (NYSE:DAL – Get Free Report) had its price objective lifted by equities researchers at Susquehanna from $70.00 to $85.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 19.22% from the stock’s previous close.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group lifted their price target on Delta Air Lines from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday. BNP Paribas Exane lifted their target price on Delta Air Lines from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, December 8th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Rothschild & Co Redburn upped their price target on shares of Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $76.64.

Read Our Latest Report on DAL

Delta Air Lines Stock Down 0.5%

Shares of DAL opened at $71.30 on Friday. Delta Air Lines has a 52 week low of $34.74 and a 52 week high of $73.16. The firm has a market cap of $46.55 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. The firm’s 50-day simple moving average is $65.21 and its 200 day simple moving average is $59.86. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The firm had revenue of $8.40 billion during the quarter. On average, analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC bought a new stake in Delta Air Lines during the 2nd quarter worth $386,364,000. Wellington Management Group LLP grew its holdings in shares of Delta Air Lines by 54.8% during the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock worth $330,159,000 after purchasing an additional 2,058,744 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Delta Air Lines by 2.3% in the second quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock valued at $3,667,479,000 after buying an additional 1,648,071 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Delta Air Lines by 23.3% in the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock valued at $434,813,000 after buying an additional 1,447,058 shares during the period. Finally, Marshall Wace LLP raised its holdings in Delta Air Lines by 16,044.7% in the 3rd quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock valued at $71,693,000 after buying an additional 1,255,495 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

About Delta Air Lines

(Get Free Report)

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.

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