Barclays Increases Delta Air Lines (NYSE:DAL) Price Target to $90.00

Delta Air Lines (NYSE:DAL) had its target price raised by research analysts at Barclays from $60.00 to $90.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential upside of 40.47% from the stock’s current price.

A number of other brokerages have also recently weighed in on DAL. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Bank of America lifted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. TD Cowen lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday. 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 note on Monday, November 11th. Finally, Susquehanna boosted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $71.22.

Delta Air Lines Stock Performance

Shares of DAL opened at $64.07 on Thursday. Delta Air Lines has a 1 year low of $35.28 and a 1 year high of $66.25. The company has a market cap of $41.34 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. 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 firm has a fifty day moving average of $52.62 and a 200-day moving average of $48.62.

Delta Air Lines (NYSE:DAL) last announced 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). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same period last year, the firm posted $2.03 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Delta Air Lines will post 6.07 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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 corporate insiders.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanders Capital LLC lifted its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Capital World Investors lifted its holdings in shares of Delta Air Lines by 0.3% during the first quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after buying an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after acquiring an additional 1,105,674 shares during the period. Pzena Investment Management LLC bought a new stake in Delta Air Lines in the third quarter valued at $281,206,000. Finally, Castle Hook Partners LP bought a new stake in Delta Air Lines in the third quarter valued at $189,296,000. 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.