Susquehanna Issues Positive Forecast for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL) had its target price boosted by stock analysts at Susquehanna from $59.00 to $75.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 24.25% from the company’s current price.

A number of other brokerages also recently issued reports on DAL. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. UBS Group restated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Citigroup boosted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein increased their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $77.06.

Delta Air Lines Stock Up 0.5 %

Shares of DAL stock traded up $0.32 during trading hours on Tuesday, reaching $60.36. 1,860,370 shares of the stock were exchanged, compared to its average volume of 7,196,946. The business’s fifty day moving average is $61.87 and its two-hundred day moving average is $51.51. The firm has a market capitalization of $38.95 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.21 and a beta of 1.35. Delta Air Lines has a 12-month low of $36.34 and a 12-month high of $67.50. 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 data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 earnings per share. As a group, research analysts expect that Delta Air Lines will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Steven M. Sear sold 10,279 shares of Delta Air Lines stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.72, for a total value 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 11.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 over the last quarter. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines in the 3rd quarter valued at approximately $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at approximately $31,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth $33,000. Finally, Strategic Financial Concepts LLC purchased a new position in Delta Air Lines in the second quarter worth $36,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.