Delta Air Lines (NYSE:DAL) PT Raised to $53.00

Delta Air Lines (NYSE:DAL) had its price target boosted by analysts at Bank of America from $50.00 to $53.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 15.09% from the stock’s current price.

Several other analysts also recently issued reports on DAL. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Morgan Stanley raised their target price on Delta Air Lines from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $57.29.

Delta Air Lines Stock Up 0.4 %

Delta Air Lines stock opened at $46.05 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $29.62 billion, a PE ratio of 6.44, a PEG ratio of 0.76 and a beta of 1.43. The firm’s fifty day moving average is $42.58 and its 200 day moving average is $39.00. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $49.81.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.35%. The company had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Delta Air Lines will post 6.52 EPS for the current fiscal year.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. Wellington Management Group LLP increased its stake in shares of Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after purchasing an additional 5,914,301 shares in the last quarter. Norges Bank bought a new stake in Delta Air Lines during the 4th quarter valued at $60,640,000. Capital International Investors lifted its position in shares of Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after acquiring an additional 1,689,053 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Delta Air Lines by 145.2% in the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after acquiring an additional 1,550,770 shares during the period. Finally, Amundi grew its position in shares of Delta Air Lines by 79.5% in the fourth quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock valued at $129,679,000 after purchasing an additional 1,504,544 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.