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

Delta Air Lines (NYSE:DAL) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $60.00 to $80.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on DAL. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Bank of America upped 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. Susquehanna lifted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Finally, Sanford C. Bernstein raised 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 report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $72.75.

Delta Air Lines Stock Performance

Shares of DAL stock traded down $0.29 during trading hours on Thursday, hitting $63.05. The company’s stock had a trading volume of 546,220 shares, compared to its average volume of 9,358,608. The stock has a market cap of $40.68 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. Delta Air Lines has a 12-month low of $35.46 and a 12-month high of $66.25. The company has a 50 day moving average of $54.65 and a 200 day moving average of $49.08. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) 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). 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 analysts’ expectations of $14.65 billion. During the same quarter last year, the business earned $2.03 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Delta Air Lines will post 6.07 EPS for the current fiscal 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. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Delta Air Lines’s dividend payout ratio (DPR) is 8.33%.

Insider Activity

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the company’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 completion of the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $31,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines during the second quarter valued at $31,000. Unique Wealth Strategies LLC bought a new stake in Delta Air Lines during the second quarter valued at about $40,000. Finally, Quarry LP purchased a new stake in Delta Air Lines in the 2nd quarter worth $41,000. 69.93% of the stock is owned by institutional investors and hedge funds.

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.