Delta Air Lines (NYSE:DAL) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Delta Air Lines (NYSE:DAL) had its target price boosted by equities research analysts at Jefferies Financial Group from $58.00 to $72.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 13.28% from the company’s previous close.

DAL has been the subject of several other reports. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. TD Cowen dropped their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Bank of America boosted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Barclays raised their price target on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $66.40.

Delta Air Lines Stock Up 4.1 %

Shares of NYSE DAL traded up $2.51 during mid-day trading on Monday, hitting $63.56. The company had a trading volume of 8,038,483 shares, compared to its average volume of 9,423,072. The business’s 50-day simple moving average is $50.87 and its 200 day simple moving average is $48.20. The company has a market capitalization of $41.01 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. Delta Air Lines has a 1-year low of $33.69 and a 1-year high of $63.83. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the prior year, the company earned $2.03 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Delta Air Lines will post 6.12 earnings per share for the current year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the business’s 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 sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the business’s 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 sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven M. Sear sold 10,279 shares of Delta Air Lines stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.72, for a total transaction of $603,582.88. Following the transaction, the executive vice president now directly owns 78,459 shares in the company, valued at $4,607,112.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,710 shares of company stock valued at $6,739,745. 0.96% of the stock is owned by insiders.

Institutional Trading of Delta Air Lines

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Delta Air Lines by 7.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 40,301 shares of the transportation company’s stock valued at $1,929,000 after purchasing an additional 2,766 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Delta Air Lines by 7.3% during the first quarter. Oppenheimer & Co. Inc. now owns 12,625 shares of the transportation company’s stock worth $604,000 after purchasing an additional 856 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Delta Air Lines during the first quarter worth about $1,309,000. Forsta AP Fonden acquired a new stake in Delta Air Lines in the first quarter valued at about $460,000. Finally, Concurrent Investment Advisors LLC increased its holdings in Delta Air Lines by 9.9% in the first quarter. Concurrent Investment Advisors LLC now owns 15,661 shares of the transportation company’s stock valued at $750,000 after buying an additional 1,412 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Company Profile

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.