Delta Air Lines (NYSE:DAL) PT Raised to $72.00 at Morgan Stanley


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Delta Air Lines (NYSE:DAL) had its price target lifted by equities researchers at Morgan Stanley from $55.00 to $72.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s target price would indicate a potential upside of 43.43% from the company’s current price.

Several other analysts also recently issued reports on the stock. Vertical Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Friday, January 15th. Argus raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, January 20th. Evercore ISI upped their price target on shares of Delta Air Lines from $51.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, January 15th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, March 30th. Finally, The Goldman Sachs Group upped their price target on shares of Delta Air Lines from $35.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.65.

Shares of NYSE:DAL opened at $50.20 on Tuesday. The stock has a fifty day moving average of $47.95 and a 200-day moving average of $39.91. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27. Delta Air Lines has a one year low of $17.51 and a one year high of $52.28. The company has a market capitalization of $32.03 billion, a PE ratio of -2.57 and a beta of 1.45.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, January 13th. The transportation company reported ($2.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.50) by ($0.03). Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the firm earned $1.70 earnings per share. Delta Air Lines’s revenue for the quarter was down 65.3% compared to the same quarter last year. As a group, research analysts forecast that Delta Air Lines will post -0.58 EPS for the current fiscal year.

In related news, President Glen W. Hauenstein sold 60,586 shares of the stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $43.46, for a total value of $2,633,067.56. 0.63% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of DAL. Morgan Stanley raised its position in Delta Air Lines by 107.9% in the fourth quarter. Morgan Stanley now owns 9,886,976 shares of the transportation company’s stock worth $397,556,000 after purchasing an additional 5,130,847 shares in the last quarter. Aristeia Capital LLC acquired a new position in Delta Air Lines in the third quarter worth about $65,271,000. Norges Bank acquired a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $79,931,000. U S Global Investors Inc. increased its holdings in shares of Delta Air Lines by 30.9% during the fourth quarter. U S Global Investors Inc. now owns 7,133,481 shares of the transportation company’s stock worth $286,837,000 after buying an additional 1,682,597 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Delta Air Lines by 90.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,281,221 shares of the transportation company’s stock worth $91,728,000 after buying an additional 1,083,611 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other 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 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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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