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

Delta Air Lines (NYSE:DAL) had its price objective hoisted by equities research analysts at TD Cowen from $84.00 to $92.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price points to a potential upside of 13.24% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. UBS Group lifted their price target on Delta Air Lines from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday. Sanford C. Bernstein increased their price objective on Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Citigroup raised their price objective on Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Wolfe Research dropped their target price on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Bank of America reduced their target price on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Delta Air Lines Price Performance

DAL stock opened at $81.24 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. Delta Air Lines has a 1 year low of $45.28 and a 1 year high of $83.75. The firm has a 50-day moving average of $69.43 and a 200 day moving average of $67.72. The company has a market cap of $53.38 billion, a P/E ratio of 11.83, a PEG ratio of 1.15 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same period in the previous year, the firm posted $0.46 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Delta Air Lines will post 5.26 EPS for the current year.

Insiders Place Their Bets

In other Delta Air Lines news, EVP John E. Laughter sold 69,304 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the transaction, the executive vice president owned 69,369 shares in the company, valued at approximately $4,727,497.35. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the sale, the executive vice president directly owned 138,854 shares in the company, valued at approximately $10,552,904. The trade was a 6.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 119,635 shares of company stock valued at $8,402,855. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Large investors have recently added to or reduced their stakes in the stock. Compass Capital Management Inc. lifted its holdings in shares of Delta Air Lines by 1.5% during the 1st quarter. Compass Capital Management Inc. now owns 128,663 shares of the transportation company’s stock valued at $8,554,000 after buying an additional 1,844 shares during the period. Arete Wealth Advisors LLC grew its holdings in shares of Delta Air Lines by 375.0% in the first quarter. Arete Wealth Advisors LLC now owns 15,058 shares of the transportation company’s stock worth $1,001,000 after acquiring an additional 11,888 shares during the period. Western Wealth Management LLC purchased a new stake in Delta Air Lines during the first quarter valued at $105,000. Royal Fund Management LLC bought a new position in Delta Air Lines in the first quarter valued at about $1,675,000. Finally, Ariadne Wealth Management LP lifted its holdings in Delta Air Lines by 10.3% in the first quarter. Ariadne Wealth Management LP now owns 3,782 shares of the transportation company’s stock valued at $251,000 after acquiring an additional 352 shares during the period. Institutional investors own 69.93% of the company’s stock.

Key Headlines Impacting Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: TD Cowen and UBS raised their price targets on Delta, reinforcing confidence in the company’s earnings outlook and helping push the stock higher. Delta (DAL) Stock Is Up, What You Need To Know
• Positive Sentiment: UBS lifted its price target to $98 from $95 and kept a buy rating, citing a more favorable sector backdrop. UBS Adjusts Price Target on Delta Air Lines
• Positive Sentiment: Airline stocks rallied as oil prices retreated, easing jet fuel cost pressure and improving expected profitability across the industry, including Delta. Airline Stocks Rally as Oil Retreat Eases Fuel Cost Pressure
• Positive Sentiment: Delta’s recent quarterly results were solid, with EPS and revenue both beating expectations, supporting the case that earnings momentum remains intact. Delta Air Lines Stock Page
• Neutral Sentiment: An insider sale by EVP Allison Ausband was disclosed, but the transaction was relatively small versus her remaining holdings and does not appear to be the main stock driver today.

Delta Air Lines Company Profile

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.