Delta Air Lines (NYSE:DAL) Price Target Raised to $50.00

Delta Air Lines (NYSE:DAL - Get Free Report) had its price target increased by analysts at TD Cowen from $45.00 to $50.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a "buy" rating on the transportation company's stock. TD Cowen's price target suggests a potential upside of 24.10% from the stock's current price.

Other research analysts also recently issued reports about the company. Raymond James decreased their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. UBS Group lowered Delta Air Lines from a "buy" rating to a "neutral" rating and decreased their target price for the company from $77.00 to $42.00 in a research report on Monday, April 7th. The Goldman Sachs Group dropped their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group restated a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.06.

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Delta Air Lines Stock Performance

NYSE DAL traded down $0.59 during trading hours on Thursday, reaching $40.29. The stock had a trading volume of 12,487,283 shares, compared to its average volume of 9,301,386. Delta Air Lines has a 52-week low of $34.74 and a 52-week high of $69.98. The stock has a fifty day moving average of $52.37 and a 200 day moving average of $57.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a market cap of $26.05 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same period last year, the company earned $0.45 earnings per share. The firm's revenue was down 5.6% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last three months. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DAL. Donoghue Forlines LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $2,036,000. Geode Capital Management LLC raised its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock valued at $789,452,000 after buying an additional 416,338 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter valued at about $3,593,000. Global Financial Private Client LLC boosted its stake in Delta Air Lines by 562.0% during the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company's stock worth $681,000 after buying an additional 9,559 shares during the period. Finally, BluePath Capital Management LLC increased its position in shares of Delta Air Lines by 23.9% during the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company's stock valued at $1,540,000 after acquiring an additional 4,567 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.