Delta Air Lines (NYSE:DAL) Price Target Raised to $77.00 at TD Cowen

Delta Air Lines (NYSE:DAL) had its target price raised by research analysts at TD Cowen from $72.00 to $77.00 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price points to a potential upside of 13.94% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. UBS Group increased their target price on shares of Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Citigroup started coverage on shares of Delta Air Lines in a research report on Thursday. They issued a “buy” rating for the company. Bank of America increased their price objective on shares of Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Rothschild & Co Redburn raised their price objective on shares of Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group dropped their target price on shares of Delta Air Lines from $74.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $71.82.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $67.58 on Thursday. Delta Air Lines has a one year low of $34.74 and a one year high of $69.98. The stock’s fifty day moving average is $59.33 and its 200 day moving average is $56.09. The stock has a market cap of $44.13 billion, a P/E ratio of 9.52, a P/E/G ratio of 1.47 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The business had revenue of $8.40 billion during the quarter. Sell-side analysts anticipate that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in Delta Air Lines in the second quarter worth $25,000. AlphaQuest LLC lifted its position in Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 211 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after buying an additional 371 shares in the last quarter. Accredited Wealth Management LLC increased its holdings in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after buying an additional 476 shares during the last quarter. Finally, Activest Wealth Management raised its position in shares of Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 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.