Delta Air Lines (NYSE:DAL) Stock Price Expected to Rise, TD Cowen Analyst Says

Delta Air Lines (NYSE:DAL) had its price target raised by equities research analysts at TD Cowen from $59.00 to $75.00 in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price indicates a potential upside of 18.00% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Bank of America lifted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Barclays lifted their target price on shares of Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, twelve 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 an average rating of “Buy” and a consensus price target of $67.73.

Delta Air Lines Stock Performance

NYSE DAL opened at $63.56 on Tuesday. Delta Air Lines has a 52-week low of $33.69 and a 52-week high of $63.83. The company has a 50-day simple moving average of $51.29 and a 200 day simple moving average of $48.30. 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 has a market capitalization of $41.01 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter last year, the business posted $2.03 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that Delta Air Lines will post 6.12 EPS for the current year.

Insider Buying and Selling

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 transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the business’s 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 transaction, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,710 shares of company stock valued at $6,739,745 over the last three months. 0.96% of the stock is owned by company insiders.

Institutional Trading of Delta Air Lines

A number of hedge funds have recently modified their holdings of the business. Landscape Capital Management L.L.C. bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $379,000. Intech Investment Management LLC boosted its holdings in shares of Delta Air Lines by 908.6% during the 3rd quarter. Intech Investment Management LLC now owns 100,982 shares of the transportation company’s stock valued at $5,129,000 after buying an additional 90,970 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Delta Air Lines by 4.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 81,472 shares of the transportation company’s stock worth $4,138,000 after purchasing an additional 3,230 shares in the last quarter. Pzena Investment Management LLC bought a new position in Delta Air Lines in the 3rd quarter worth about $281,206,000. Finally, Altman Advisors Inc. boosted its stake in Delta Air Lines by 2.1% in the 3rd quarter. Altman Advisors Inc. now owns 40,016 shares of the transportation company’s stock worth $2,032,000 after purchasing an additional 809 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

About Delta Air Lines

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.