Delta Air Lines (NYSE:DAL) Price Target Cut to $75.00 by Analysts at Wells Fargo & Company

Delta Air Lines (NYSE:DAL) had its price target cut by equities researchers at Wells Fargo & Company from $87.00 to $75.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 23.73% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. UBS Group decreased their price objective on shares of Delta Air Lines from $90.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price target on shares of Delta Air Lines in a research report on Friday, December 19th. Wolfe Research boosted their price target on shares of Delta Air Lines from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Delta Air Lines in a research note on Wednesday, January 14th. Finally, TD Cowen lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.93.

Delta Air Lines Trading Up 3.1%

Shares of NYSE:DAL traded up $1.83 during midday trading on Monday, hitting $60.61. The company had a trading volume of 3,840,105 shares, compared to its average volume of 10,015,522. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. Delta Air Lines has a 12 month low of $34.74 and a 12 month high of $76.39. The firm has a fifty day simple moving average of $67.96 and a 200 day simple moving average of $64.11. The stock has a market cap of $39.59 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.59 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $14.61 billion during the quarter, compared to the consensus estimate of $15.80 billion. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 earnings per share. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. On average, analysts predict that Delta Air Lines will post 7.63 EPS for the current year.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 36,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $69.21, for a total value of $2,491,560.00. Following the sale, the executive vice president owned 95,731 shares of the company’s stock, valued at approximately $6,625,542.51. This trade represents a 27.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rahul D. Samant sold 62,528 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $70.18, for a total value of $4,388,215.04. Following the completion of the sale, the executive vice president owned 20,939 shares in the company, valued at $1,469,499.02. The trade was a 74.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 620,550 shares of company stock valued at $44,127,667 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its position in shares of Delta Air Lines by 7.7% during the 3rd quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company’s stock worth $20,366,000 after purchasing an additional 25,507 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Delta Air Lines by 10.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock valued at $4,957,000 after buying an additional 8,309 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of Delta Air Lines by 41.3% in the third quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock valued at $3,042,000 after buying an additional 15,661 shares in the last quarter. National Pension Service acquired a new position in Delta Air Lines during the third quarter worth $1,201,000. Finally, TD Asset Management Inc increased its holdings in Delta Air Lines by 14.0% during the third quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock worth $25,980,000 after buying an additional 56,365 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

About Delta Air Lines

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.