Delta Air Lines, Inc. (NYSE:DAL) Receives $78.22 Average Target Price from Brokerages

Delta Air Lines, Inc. (NYSE:DALGet Free Report) has earned an average recommendation of “Buy” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $78.22.

A number of analysts have issued reports on DAL shares. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. 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. Finally, Sanford C. Bernstein raised their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th.

Read Our Latest Report on DAL

Insider Activity

In other news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,150 shares of company stock worth $8,735,936. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DAL. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new stake in Delta Air Lines in the fourth quarter worth $29,000. Hemington Wealth Management boosted its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the third quarter valued at about $25,000. Finally, Crews Bank & Trust purchased a new position in shares of Delta Air Lines in the fourth quarter worth about $30,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Down 1.9 %

DAL stock opened at $67.24 on Thursday. Delta Air Lines has a 1-year low of $37.29 and a 1-year high of $69.98. The stock has a market cap of $43.39 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.80 and a beta of 1.35. The stock’s fifty day simple moving average is $63.59 and its two-hundred day simple moving average is $53.97. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DALGet Free Report) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. Analysts expect that Delta Air Lines will post 7.67 EPS for the current year.

About Delta Air Lines

(Get Free Report

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.

See Also

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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