Raymond James Trims Delta Air Lines (NYSE:DAL) Target Price to $53.00

Delta Air Lines (NYSE:DAL) had its price target decreased by Raymond James from $55.00 to $53.00 in a research report report published on Friday morning, The Fly reports. Raymond James currently has a strong-buy rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on DAL. The Goldman Sachs Group boosted their price objective on Delta Air Lines from $39.00 to $40.00 in a report on Thursday. Cowen upped their price target on Delta Air Lines from $53.00 to $54.00 and gave the stock a market perform rating in a research report on Thursday, October 14th. Barclays reduced their price target on Delta Air Lines from $50.00 to $45.00 and set an equal weight rating for the company in a research report on Friday. Susquehanna upgraded Delta Air Lines from a neutral rating to a positive rating and upped their price objective for the stock from $45.00 to $50.00 in a research note on Thursday. Finally, Susquehanna Bancshares upgraded Delta Air Lines from a neutral rating to a positive rating and set a $50.00 price target on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Buy and a consensus target price of $51.71.

Shares of DAL opened at $40.31 on Friday. The company has a 50-day moving average of $39.32 and a two-hundred day moving average of $40.49. The company has a debt-to-equity ratio of 6.92, a current ratio of 0.76 and a quick ratio of 0.82. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 95.98 and a beta of 1.29. Delta Air Lines has a one year low of $33.40 and a one year high of $52.28.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, January 12th. The transportation company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.07. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.29 billion. Delta Air Lines had a net margin of 0.93% and a negative return on equity of 129.80%. The company’s quarterly revenue was up 138.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.53) earnings per share. Analysts anticipate that Delta Air Lines will post 2.79 earnings per share for the current year.

In other Delta Air Lines news, Director David S. Taylor bought 6,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, November 30th. The stock was acquired at an average cost of $35.59 per share, for a total transaction of $213,540.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.63% of the company’s stock.

Large investors have recently made changes to their positions in the company. Albion Financial Group UT bought a new position in Delta Air Lines during the 2nd quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Delta Air Lines by 493.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 694 shares of the transportation company’s stock worth $30,000 after buying an additional 577 shares during the last quarter. Activest Wealth Management purchased a new position in shares of Delta Air Lines in the 2nd quarter worth $32,000. Destiny Wealth Partners LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter worth $43,000. Finally, Ritter Daniher Financial Advisory LLC boosted its stake in shares of Delta Air Lines by 163.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC now owns 1,210 shares of the transportation company’s stock worth $52,000 after buying an additional 750 shares during the last quarter. 63.36% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Company Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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