Morgan Stanley Increases Delta Air Lines (DAL) Price Target to $67.00

Delta Air Lines (NYSE:DAL) had its price objective lifted by research analysts at Morgan Stanley from $64.00 to $67.00 in a research note issued on Monday. The firm currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price target would suggest a potential upside of 18.58% from the company’s current price.

Other research analysts also recently issued reports about the company. Stephens reiterated a “buy” rating and set a $72.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, February 8th. Imperial Capital reiterated an “outperform” rating and set a $65.00 price objective (up from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. Finally, Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $67.22.

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Shares of Delta Air Lines stock opened at $56.50 on Monday. Delta Air Lines has a fifty-two week low of $43.81 and a fifty-two week high of $60.79. The stock has a market capitalization of $40,074.91, a PE ratio of 11.44 and a beta of 1.16. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. sell-side analysts predict that Delta Air Lines will post 6.32 EPS for the current fiscal year.

In related news, Director George N. Mattson purchased 10,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $51.89 per share, with a total value of $518,900.00. Following the completion of the transaction, the director now owns 66,510 shares of the company’s stock, valued at approximately $3,451,203.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $56.47, for a total value of $1,411,750.00. Following the transaction, the chief executive officer now directly owns 240,508 shares of the company’s stock, valued at $13,581,486.76. The disclosure for this sale can be found here. Insiders have sold 164,250 shares of company stock valued at $9,618,000 over the last three months. Insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chemical Bank boosted its position in Delta Air Lines by 11.9% during the fourth quarter. Chemical Bank now owns 22,661 shares of the transportation company’s stock valued at $1,269,000 after purchasing an additional 2,415 shares during the last quarter. Green Square Capital LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $7,781,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Delta Air Lines by 23.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 47,491 shares of the transportation company’s stock valued at $2,659,000 after buying an additional 9,148 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Delta Air Lines by 9.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 16,362 shares of the transportation company’s stock valued at $916,000 after buying an additional 1,448 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Delta Air Lines by 205.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 205,772 shares of the transportation company’s stock valued at $11,523,000 after buying an additional 138,481 shares during the last quarter. 87.57% of the stock is owned by hedge funds and other institutional investors.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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