Delta Air Lines, Inc. (NYSE:DAL) Receives $49.78 Consensus PT from Analysts

Delta Air Lines, Inc. (NYSE:DALGet Rating) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $49.78.

Several brokerages have recently commented on DAL. Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 24th. StockNews.com initiated coverage on shares of Delta Air Lines in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet raised shares of Delta Air Lines from a “d+” rating to a “c-” rating in a research report on Tuesday, September 20th. Cowen raised shares of Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price objective on the stock in a research report on Friday, October 14th. Finally, Cowen upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Friday, October 14th.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 2,000 shares of Delta Air Lines stock in a transaction on Friday, October 28th. The stock was sold at an average price of $34.19, for a total transaction of $68,380.00. Following the completion of the sale, the executive vice president now directly owns 111,153 shares of the company’s stock, valued at approximately $3,800,321.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

Institutional Trading of Delta Air Lines

Hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its holdings in Delta Air Lines by 12.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,968 shares of the transportation company’s stock worth $592,000 after purchasing an additional 1,622 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Delta Air Lines during the first quarter valued at approximately $283,000. Mutual of America Capital Management LLC raised its holdings in shares of Delta Air Lines by 1.0% during the first quarter. Mutual of America Capital Management LLC now owns 99,419 shares of the transportation company’s stock valued at $3,934,000 after acquiring an additional 978 shares during the last quarter. FDx Advisors Inc. acquired a new position in shares of Delta Air Lines during the first quarter valued at approximately $237,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Delta Air Lines by 5.6% during the first quarter. State of New Jersey Common Pension Fund D now owns 111,226 shares of the transportation company’s stock valued at $4,401,000 after acquiring an additional 5,864 shares during the last quarter. Hedge funds and other institutional investors own 67.90% of the company’s stock.

Delta Air Lines Trading Up 0.8 %

Shares of DAL stock opened at $34.49 on Tuesday. Delta Air Lines has a 12-month low of $27.20 and a 12-month high of $46.27. The company has a market capitalization of $22.11 billion, a P/E ratio of 313.55 and a beta of 1.22. The firm has a 50-day moving average price of $32.07 and a 200 day moving average price of $33.10. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 4.62.

Delta Air Lines (NYSE:DALGet Rating) last announced its earnings results on Thursday, October 13th. The transportation company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Delta Air Lines had a return on equity of 32.62% and a net margin of 0.18%. The company had revenue of $13.98 billion during the quarter, compared to the consensus estimate of $13.62 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s revenue was up 52.7% on a year-over-year basis. Research analysts forecast that Delta Air Lines will post 2.9 earnings per share for the current fiscal year.

About Delta Air Lines

(Get Rating)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

Read More

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.