Delta Air Lines (NYSE:DAL) Price Target Raised to $72.00

Delta Air Lines (NYSE:DAL) had its price objective lifted by Jefferies Financial Group from $58.00 to $72.00 in a report published on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Barclays raised their price target on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Sanford C. Bernstein upped their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Bank of America boosted their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Susquehanna increased their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $67.73.

Delta Air Lines Trading Up 0.6 %

Shares of NYSE DAL opened at $64.46 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average price is $51.72 and its two-hundred day moving average price is $48.40. Delta Air Lines has a 52-week low of $34.87 and a 52-week high of $65.74. The stock has a market capitalization of $41.59 billion, a P/E ratio of 8.95, a PEG ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue 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. On average, analysts anticipate that Delta Air Lines will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the 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 completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 over the last quarter. 0.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth $281,206,000. Jupiter Asset Management Ltd. acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at $60,217,000. Dimensional Fund Advisors LP increased its stake in Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after purchasing an additional 1,105,674 shares in the last quarter. Sanders Capital LLC raised its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Delta Air Lines by 419.5% during the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after buying an additional 453,926 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Company Profile

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.