Delta Air Lines (NYSE:DAL) PT Raised to $60.00 at Deutsche Bank Aktiengesellschaft

Delta Air Lines (NYSE:DAL) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $50.00 to $60.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 28.04% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. UBS Group began coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective for the company. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Morgan Stanley increased their price objective on shares of Delta Air Lines from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Bank of America increased their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $58.29.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $46.86 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 1.48. Delta Air Lines has a 1-year low of $30.60 and a 1-year high of $49.81. The firm has a market capitalization of $30.15 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.70 and a beta of 1.43. The firm’s 50-day moving average price is $43.44 and its 200-day moving average price is $39.35.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 10th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines will post 6.51 earnings per share for the current fiscal year.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were 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 directly owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Several institutional investors have recently bought and sold shares of DAL. Wellington Management Group LLP lifted its holdings in shares of Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after acquiring an additional 5,914,301 shares during the last quarter. Norges Bank bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $60,640,000. Capital International Investors lifted its holdings in shares of Delta Air Lines by 8.8% in the 4th 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 during the last quarter. Jennison Associates LLC lifted its holdings in shares of Delta Air Lines by 145.2% in the 4th 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 last quarter. Finally, Amundi lifted its holdings in shares of Delta Air Lines by 79.5% in the 4th quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock worth $129,679,000 after acquiring an additional 1,504,544 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other 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.