Delta Air Lines (NYSE:DAL) PT Raised to $74.00

Delta Air Lines (NYSE:DAL) had its price target upped by equities research analysts at Buckingham Research from $71.00 to $74.00 in a note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Buckingham Research’s price objective indicates a potential upside of 20.03% from the stock’s previous close.

A number of other research analysts have also recently commented on DAL. Imperial Capital reduced their price objective on Montage Resources from $9.00 to $6.00 and set an “inline” rating on the stock in a research note on Wednesday. Stifel Nicolaus boosted their price objective on Rapid7 from $52.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Morgan Stanley upgraded to an “overweight” rating and set a GBX 400 ($5.23) price objective on the stock in a research note on Friday. Finally, Citigroup boosted their price objective on Vistra Energy from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $67.18.

Shares of DAL opened at $61.65 on Friday. The stock’s 50-day moving average is $56.03. The firm has a market capitalization of $39.40 billion, a PE ratio of 10.91, a PEG ratio of 0.48 and a beta of 1.18. Delta Air Lines has a 12 month low of $45.08 and a 12 month high of $62.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.49 billion. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. As a group, analysts predict that Delta Air Lines will post 6.92 EPS for the current year.

In other Delta Air Lines news, CEO Edward H. Bastian sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the sale, the chief executive officer now owns 354,191 shares in the company, valued at $20,365,982.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven M. Sear sold 8,993 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total value of $479,057.11. Following the sale, the insider now owns 76,150 shares in the company, valued at approximately $4,056,510.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,003 shares of company stock worth $3,709,180. Insiders own 0.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DAL. Comerica Securities Inc. bought a new position in Delta Air Lines in the 4th quarter worth about $200,000. Bessemer Group Inc. raised its position in Delta Air Lines by 9.5% in the 4th quarter. Bessemer Group Inc. now owns 6,658 shares of the transportation company’s stock worth $332,000 after buying an additional 579 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Delta Air Lines by 8.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 58,577 shares of the transportation company’s stock worth $2,923,000 after buying an additional 4,506 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after buying an additional 50,255 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in Delta Air Lines by 9.0% in the 4th quarter. Natixis Advisors L.P. now owns 121,514 shares of the transportation company’s stock worth $6,063,000 after buying an additional 9,995 shares during the last quarter. Hedge funds and other institutional investors own 87.21% of the company’s stock.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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