TD Cowen Issues Positive Forecast for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL - Free Report) had its price target lifted by TD Cowen from $78.00 to $90.00 in a research note released on Monday, MarketBeat reports. TD Cowen currently has a buy rating on the transportation company's stock.

A number of other research firms have also recently commented on DAL. The Goldman Sachs Group reiterated a "buy" rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. UBS Group restated a "buy" rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Bank of America boosted their target price on 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, BNP Paribas raised shares of Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $78.22.

Delta Air Lines Stock Down 2.8 %

Shares of NYSE DAL traded down $1.88 on Monday, reaching $65.07. 12,147,548 shares of the company's stock traded hands, compared to its average volume of 12,144,070. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The business's 50 day simple moving average is $62.27 and its two-hundred day simple moving average is $51.90. Delta Air Lines has a 12 month low of $36.34 and a 12 month high of $68.99. The company has a market cap of $41.99 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that Delta Air Lines will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Allison C. Ausband sold 7,510 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction 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 approximately $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. In the last three months, insiders have sold 136,809 shares of company stock valued at $7,871,765. 0.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On Delta Air Lines

Hedge funds have recently made changes to their positions in the company. Pzena Investment Management LLC purchased a new position in shares of Delta Air Lines during the 3rd quarter worth about $281,206,000. Castle Hook Partners LP purchased a new stake in shares of Delta Air Lines during the third quarter valued at about $189,296,000. Dimensional Fund Advisors LP boosted its position in shares of 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 in the last quarter. Sanders Capital LLC grew its position in Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company's stock worth $28,551,000 after acquiring an additional 453,926 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

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.