Delta Air Lines (NYSE:DAL) Price Target Raised to $85.00

Delta Air Lines (NYSE:DAL) had its price target raised by BNP Paribas Exane from $70.00 to $85.00 in a report released on Monday,MarketScreener reports. They currently have an outperform rating on the transportation company’s stock.

DAL has been the topic of several other reports. Seaport Global Securities increased their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Raymond James Financial upped their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 10th. Rothschild & Co Redburn lifted their target price on Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Citigroup started coverage on Delta Air Lines in a research report on Thursday, December 4th. They issued a “buy” rating and a $77.00 price target for the company. Finally, HSBC raised their price objective on Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average target price of $73.40.

Delta Air Lines Stock Up 3.7%

DAL stock opened at $69.92 on Monday. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.58 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. The business’s 50-day moving average is $60.42 and its two-hundred day moving average is $56.74. Delta Air Lines has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

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

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

Insider Activity at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the sale, the senior vice president owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by company insiders.

Institutional Trading of Delta Air Lines

A number of institutional investors and hedge funds have recently bought and sold shares of DAL. Private Trust Co. NA grew its position in shares of Delta Air Lines by 3.3% during the third quarter. Private Trust Co. NA now owns 5,493 shares of the transportation company’s stock valued at $312,000 after purchasing an additional 174 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Delta Air Lines by 3.2% during the third quarter. HBK Sorce Advisory LLC now owns 5,871 shares of the transportation company’s stock valued at $362,000 after buying an additional 181 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Delta Air Lines by 2.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company’s stock valued at $386,000 after buying an additional 196 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Delta Air Lines by 1.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,237 shares of the transportation company’s stock valued at $921,000 after buying an additional 197 shares in the last quarter. Finally, JT Stratford LLC increased its stake in Delta Air Lines by 1.2% in the 1st quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock worth $715,000 after acquiring an additional 200 shares during 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.