Delta Air Lines (NYSE:DAL) Price Target Raised to $75.00

Delta Air Lines (NYSE:DAL - Get Free Report) had its price target raised by investment analysts at TD Cowen from $59.00 to $75.00 in a report issued on Tuesday, MarketBeat reports. The firm currently has a "buy" rating on the transportation company's stock. TD Cowen's price target points to a potential upside of 18.15% from the stock's previous close.

A number of other equities analysts have also recently weighed in on DAL. Susquehanna lifted their price target on Delta Air Lines from $50.00 to $59.00 and gave the stock a "positive" rating in a research note on Wednesday, October 9th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Bank of America increased their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Finally, Barclays boosted their target price on Delta Air Lines from $52.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of "Buy" and an average price target of $67.73.

Delta Air Lines Price Performance

DAL stock traded down $0.08 during trading hours on Tuesday, hitting $63.48. 3,571,117 shares of the stock traded hands, compared to its average volume of 9,396,574. The stock has a 50-day simple moving average of $51.29 and a 200 day simple moving average of $48.30. The company has a market cap of $40.96 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.15 and a beta of 1.33. Delta Air Lines has a one year low of $33.69 and a one year high of $64.11. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 earnings per share. Equities analysts forecast that Delta Air Lines will post 6.12 earnings per share for the current year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company's stock, valued at $5,499,635.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Allison C. Ausband sold 7,510 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the transaction, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,710 shares of company stock worth $6,739,745. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delta Air Lines

Several institutional investors have recently bought and sold shares of DAL. Capital World Investors increased its position in Delta Air Lines by 0.3% in the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company's stock valued at $719,526,000 after acquiring an additional 49,712 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock worth $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. Pzena Investment Management LLC bought a new position in Delta Air Lines in the 3rd quarter valued at $281,206,000. Charles Schwab Investment Management Inc. increased its stake in shares of Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company's stock valued at $177,637,000 after buying an additional 10,332 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Delta Air Lines by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,344,414 shares of the transportation company's stock worth $169,863,000 after acquiring an additional 14,624 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Company Profile

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.