Delta Air Lines (NYSE:DAL – Get Free Report) had its target price hoisted by analysts at Jefferies Financial Group from $81.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 11.34% from the company’s previous close.
A number of other analysts have also weighed in on the company. Bank of America upped their target price on Delta Air Lines from $78.00 to $93.00 and gave the stock a “buy” rating in a report on Monday. Evercore reiterated an “outperform” rating and set a $85.00 price objective on shares of Delta Air Lines in a report on Friday, April 17th. Citigroup restated a “buy” rating on shares of Delta Air Lines in a research note on Monday. Raymond James Financial upped their price target on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Wells Fargo & Company decreased their price target on shares of Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average price target of $83.47.
View Our Latest Stock Analysis on Delta Air Lines
Delta Air Lines Trading Up 3.6%
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, research analysts forecast that Delta Air Lines will post 5.34 earnings per share for the current fiscal year.
Insider Activity
In related news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the sale, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the transaction, the executive vice president owned 54,369 shares in the company, valued at approximately $3,893,364.09. This trade represents a 21.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,635 shares of company stock worth $10,833,855 over the last three months. 0.80% of the stock is currently owned by corporate insiders.
Institutional Trading of Delta Air Lines
Several large investors have recently bought and sold shares of DAL. TD Asset Management Inc grew its holdings in Delta Air Lines by 14.0% in the 3rd quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock valued at $25,980,000 after buying an additional 56,365 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Delta Air Lines in the third quarter worth $1,041,000. Mirae Asset Global Investments Co. Ltd. raised its position in Delta Air Lines by 22.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock valued at $7,438,000 after purchasing an additional 19,829 shares during the period. iA Global Asset Management Inc. lifted its position in Delta Air Lines by 53.2% during the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock worth $6,395,000 after acquiring an additional 32,014 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in shares of Delta Air Lines by 66.0% during the third quarter. Ceredex Value Advisors LLC now owns 911,136 shares of the transportation company’s stock worth $51,707,000 after purchasing an additional 362,329 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.
About Delta Air Lines
Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.
The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.
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