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

Delta Air Lines (NYSE:DAL) had its target price raised by analysts at TD Cowen from $45.00 to $50.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective would indicate a potential upside of 22.31% from the stock’s current price.

Other equities analysts have also issued reports about the company. UBS Group lowered Delta Air Lines from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $77.00 to $42.00 in a research note on Monday. Raymond James cut their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. Barclays lowered their price objective on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Delta Air Lines Trading Up 3.9 %

DAL opened at $40.88 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company’s 50 day moving average price is $52.37 and its two-hundred day moving average price is $57.69. The firm has a market capitalization of $26.43 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). The business had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. As a group, research analysts predict that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last quarter. Insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

A number of hedge funds have recently bought and sold shares of DAL. Donoghue Forlines LLC bought a new position in Delta Air Lines during the fourth quarter valued at $2,036,000. Geode Capital Management LLC grew its position in Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth approximately $3,593,000. Global Financial Private Client LLC increased its holdings in shares of Delta Air Lines by 562.0% in the 4th quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after buying an additional 9,559 shares during the last quarter. Finally, BluePath Capital Management LLC raised its position in Delta Air Lines by 23.9% during the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock valued at $1,540,000 after purchasing an additional 4,567 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.