Delta Air Lines (NYSE:DAL) Given New $100.00 Price Target at Argus

Delta Air Lines (NYSE:DAL) had its price target increased by equities research analysts at Argus from $85.00 to $100.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Argus’ price target suggests a potential upside of 17.32% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group raised their price objective on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Bank of America cut their price target on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Sanford C. Bernstein upped their target price on Delta Air Lines from $88.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings downgraded shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.68.

Delta Air Lines Price Performance

NYSE DAL opened at $85.24 on Monday. The firm’s fifty day simple moving average is $74.69 and its two-hundred day simple moving average is $70.29. The firm has a market capitalization of $56.00 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.16 and a beta of 1.30. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines has a 12-month low of $45.28 and a 12-month high of $87.39.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. Analysts forecast that Delta Air Lines will post 5.52 EPS for the current fiscal year.

Insider Activity

In other news, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the sale, the executive vice president directly owned 69,369 shares of the company’s stock, valued at approximately $4,727,497.35. The trade was a 49.98% 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 9,710 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the sale, the executive vice president directly owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 149,635 shares of company stock valued at $10,833,855. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Accredited Wealth Management LLC increased its stake in shares of Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after acquiring an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Delta Air Lines in the 4th quarter worth about $31,000. SWAN Capital LLC raised its stake in shares of Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after buying an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.