Delta Air Lines (NYSE:DAL) Given Buy Rating at The Goldman Sachs Group

Delta Air Lines (NYSE:DAL - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at The Goldman Sachs Group in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $83.00 price objective on the transportation company's stock. The Goldman Sachs Group's price objective suggests a potential upside of 29.57% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. TD Cowen raised their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday. Barclays upped their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a report on Monday. Finally, Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $71.22.

Delta Air Lines Price Performance

DAL stock traded down $0.79 on Friday, reaching $64.06. The company had a trading volume of 6,489,749 shares, compared to its average volume of 9,383,819. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The company's fifty day moving average is $52.62 and its 200 day moving average is $48.62. The company has a market cap of $41.34 billion, a P/E ratio of 9.01, a PEG ratio of 1.23 and a beta of 1.33. Delta Air Lines has a 1 year low of $35.28 and a 1 year high of $66.25.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 earnings per share. On average, research analysts forecast that Delta Air Lines will post 6.07 earnings per share for the current year.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven M. Sear sold 10,279 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.72, for a total value of $603,582.88. Following the sale, the executive vice president now owns 78,459 shares of the company's stock, valued at $4,607,112.48. This represents a 11.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by corporate insiders.

Institutional Trading of Delta Air Lines

A number of hedge funds and other institutional investors have recently made changes to their positions in DAL. Huntington National Bank grew its holdings in Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company's stock worth $339,000 after acquiring an additional 189 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Delta Air Lines by 13.8% during the third quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company's stock worth $84,000 after purchasing an additional 200 shares during the last quarter. Oakworth Capital Inc. grew its stake in Delta Air Lines by 16.9% in the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock worth $72,000 after purchasing an additional 204 shares in the last quarter. Total Investment Management Inc. raised its stake in Delta Air Lines by 3.0% during the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company's stock valued at $374,000 after buying an additional 212 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in Delta Air Lines by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company's stock valued at $276,000 after buying an additional 221 shares in 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.