Delta Air Lines, Inc. (NYSE:DAL) Stock Has Average Price Target of $100.36 According to Analysts

Delta Air Lines, Inc. (NYSE:DAL) has been assigned an average recommendation of “Moderate Buy” from the twenty-five research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $100.62.

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. TD Cowen dropped their price target on shares of Delta Air Lines from $112.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, August 24th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 10th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Delta Air Lines in a report on Monday, August 3rd. Finally, UBS Group lifted their price objective on shares of Delta Air Lines from $99.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at $8,810,718. The trade was a 26.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 206,510 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total value of $19,164,128.00. Following the sale, the chief executive officer owned 1,363,448 shares in the company, valued at approximately $126,527,974.40. This represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 356,726 shares of company stock valued at $33,081,037. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delta Air Lines

A number of large investors have recently modified their holdings of the company. Markowski Investments purchased a new position in shares of Delta Air Lines during the second quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new position in shares of Delta Air Lines in the fourth quarter worth approximately $31,000. Timbuktu Capital Management LLC purchased a new stake in Delta Air Lines in the second quarter valued at approximately $31,000. Elevation Wealth Partners LLC raised its stake in Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. Finally, Atlas Wealth LLC bought a new stake in Delta Air Lines during the first quarter valued at approximately $35,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

NYSE DAL opened at $82.78 on Tuesday. Delta Air Lines has a 52-week low of $55.03 and a 52-week high of $95.68. The company has a 50-day simple moving average of $83.96 and a 200 day simple moving average of $78.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The company has a market capitalization of $54.44 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.43 billion. During the same period in the previous year, the company earned $2.10 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. On average, research analysts predict that Delta Air Lines will post 6.23 EPS for the current year.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger air transportation throughout the United States and to destinations across North America, Latin America, Europe, Asia, Africa and the Middle East. The company also offers air cargo services and operates a loyalty program, SkyMiles, along with related travel and customer services.

Headquartered in Atlanta, Georgia, Delta operates a network of domestic and international routes through hubs and focus cities that include Atlanta, Boston, Detroit, Los Angeles, Minneapolis–Saint Paul, New York, Salt Lake City and Seattle.