Delta Air Lines (NYSE:DAL) Price Target Raised to $80.00 at Deutsche Bank Aktiengesellschaft

Delta Air Lines (NYSE:DAL - Free Report) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $60.00 to $80.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the transportation company's stock.

Several other brokerages also recently weighed in on DAL. TD Cowen increased their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reiterated a "buy" rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. BNP Paribas upgraded Delta Air Lines to a "strong-buy" rating in a research note on Thursday, September 19th. Jefferies Financial Group lifted their price objective 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, November 11th. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of "Buy" and a consensus target price of $72.75.

Delta Air Lines Stock Performance

DAL traded down $0.16 during trading on Thursday, hitting $63.48. 7,150,114 shares of the stock were exchanged, compared to its average volume of 9,397,546. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines has a 1-year low of $35.46 and a 1-year high of $66.25. The stock has a fifty day moving average price of $54.27 and a two-hundred day moving average price of $48.98. The firm has a market capitalization of $40.96 billion, a P/E ratio of 8.84, a PEG ratio of 1.23 and a beta of 1.33.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced 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 analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.03 earnings per share. As a group, sell-side analysts predict that Delta Air Lines will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's dividend payout ratio (DPR) is 8.33%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company's stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 19,490 shares of the company's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Delta Air Lines

Several institutional investors and hedge funds have recently modified their holdings of DAL. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines in the third quarter valued at approximately $31,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines in the second quarter valued at approximately $31,000. Unique Wealth Strategies LLC purchased a new position in Delta Air Lines during the second quarter worth approximately $40,000. Finally, Quarry LP acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at $41,000. Hedge funds and other 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.