Delta Air Lines (NYSE:DAL) had its price target increased by research analysts at Goldman Sachs Group from $33.00 to $38.00 in a report released on Monday, The Fly reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Goldman Sachs Group’s target price would suggest a potential upside of 35.47% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Cowen started coverage on Delta Air Lines in a report on Friday, May 29th. They issued a “buy” rating and a $33.00 target price for the company. Bank of America upped their price objective on Delta Air Lines from $30.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, March 26th. Citigroup upped their price objective on Delta Air Lines from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Argus cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Delta Air Lines from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Hold” and an average target price of $51.80.
Shares of DAL stock opened at $28.05 on Monday. Delta Air Lines has a twelve month low of $17.51 and a twelve month high of $63.44. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of 5.20 and a beta of 1.25. The stock has a fifty day simple moving average of $26.91 and a two-hundred day simple moving average of $40.03. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.25.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 22nd. The transportation company reported ($0.51) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.72) by $0.21. Delta Air Lines had a return on equity of 25.95% and a net margin of 7.76%. The business had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same period in the prior year, the business earned $0.96 EPS. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. Research analysts predict that Delta Air Lines will post -7.65 EPS for the current fiscal year.
In related news, Director David S. Taylor bought 3,000 shares of the stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of $21.95 per share, for a total transaction of $65,850.00. Following the completion of the purchase, the director now directly owns 8,460 shares of the company’s stock, valued at $185,697. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeanne P. Jackson bought 25,510 shares of the stock in a transaction dated Thursday, April 23rd. The stock was bought at an average price of $22.72 per share, for a total transaction of $579,587.20. Following the purchase, the director now directly owns 13,100 shares of the company’s stock, valued at $297,632. The disclosure for this purchase can be found here. 0.63% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Endurance Wealth Management Inc. purchased a new position in Delta Air Lines during the first quarter worth approximately $29,000. ERTS Wealth Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter worth approximately $30,000. First PREMIER Bank purchased a new position in Delta Air Lines during the first quarter worth approximately $30,000. Prestige Wealth Management Group LLC purchased a new position in Delta Air Lines during the first quarter worth approximately $31,000. Finally, Carroll Financial Associates Inc. boosted its position in Delta Air Lines by 171.8% during the first quarter. Carroll Financial Associates Inc. now owns 1,147 shares of the transportation company’s stock worth $32,000 after purchasing an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.
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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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