TD Cowen Increases Delta Air Lines (NYSE:DAL) Price Target to $75.00

Delta Air Lines (NYSE:DAL) had its price target boosted by equities research analysts at TD Cowen from $59.00 to $75.00 in a report released on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective would indicate a potential upside of 16.35% from the stock’s current price.

DAL has been the subject of several other research reports. Sanford C. Bernstein boosted their price target 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. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Barclays boosted their price objective on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Bank of America raised their target price on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $67.73.

Delta Air Lines Trading Up 0.6 %

DAL stock opened at $64.46 on Tuesday. Delta Air Lines has a 52-week low of $34.87 and a 52-week high of $65.74. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The firm has a market cap of $41.59 billion, a P/E ratio of 8.95, a PEG ratio of 1.22 and a beta of 1.33. The company’s 50-day simple moving average is $51.72 and its 200-day simple moving average is $48.40.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 EPS. As a group, equities analysts forecast that Delta Air Lines will post 6.07 EPS for the current fiscal year.

Insider Activity

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Delta Air Lines

A number of hedge funds have recently modified their holdings of the business. Sanders Capital LLC lifted its position in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Capital World Investors increased its holdings in Delta Air Lines by 0.3% in the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock valued at $719,526,000 after purchasing an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the period. Pzena Investment Management LLC acquired a new position in Delta Air Lines during the third quarter worth $281,206,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Delta Air Lines by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after buying an additional 10,332 shares during the period. 69.93% of the stock is currently 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.