Delta Air Lines (NYSE: DAL – Get Rating) had its price objective cut by Evercore ISI from $ 65.00 to $ 56.00 in a note issued to investors on Monday, The Fly reports. The firm presently has an “outperform” rating on the transportation company stock. Evercore ISI’s price objective suggests a potential upside of 84.64% from the stock’s current price.
Other equities analysts have also issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Delta Air Lines from $ 44.00 to $ 45.00 in a report on Wednesday, June 1st. UBS Group upgraded Delta Air Lines from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $ 44.00 to $ 53.00 in a research report on Monday, April 18th. Susquehanna lifted their target price on Delta Air Lines from $ 45.00 to $ 47.00 in a research report on Thursday, April 14th. Bank of America increased their price target on Delta Air Lines from $ 47.00 to $ 50.00 in a report on Thursday, April 14th. Finally, StockNews.com initiated coverage on Delta Air Lines in a research report on Thursday, March 31st. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $ 52.50.
NYSE: DAL opened at $ 30.33 on Monday. Delta Air Lines has a one year low of $ 28.76 and a one year high of $ 46.27. The stock has a market cap of $ 19.44 billion, a PE ratio of 38.39 and a beta of 1.05. The company has a debt-to-equity ratio of 8.17, a quick ratio of 0.60 and a current ratio of 0.65. The stock has a 50 day moving average price of $ 38.06 and a 200 day moving average price of $ 38.64.
Delta Air Lines (NYSE: DAL – Get Rating) last issued its earnings results on Wednesday, April 13th. The transportation company reported ($ 1.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($ 1.28) by $ 0.05. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. The business had revenue of $ 9.35 billion during the quarter, compared to the consensus estimate of $ 8.99 billion. During the same period last year, the company earned ($ 3.55) EPS. The company revenue for the quarter was up 125.3% on a year-over-year basis. As a group, analysts predict that Delta Air Lines will post 2.85 earnings per share for the current fiscal year.
In other Delta Air Lines news, EVP Steven M. Sear sold 12,780 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $ 41.65, for a total transaction of $ 532,287.00. Following the completion of the transaction, the executive vice president now owns 90,373 shares in the company, valued at approximately $ 3,764,035.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 27,664 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $ 39.55, for a total transaction of $ 1,094,111.20. Following the completion of the sale, the chief executive officer now owns 446,712 shares in the company, valued at $ 17,667,459.60. The disclosure for this sale can be found here. Insiders have sold 73,270 shares of company stock worth $ 3,035,835 in the last ninety days. Corporate insiders own 0.63% of the company stock.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Delta Air Lines by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company stock worth $ 2,700,032,000 after buying an additional 1,267,578 shares during the last quarter. State Street Corp raised its position in shares of Delta Air Lines by 1.5% during the 4th quarter. State Street Corp now owns 22,075,797 shares of the transportation company stock worth $ 862,722,000 after acquiring an additional 336,057 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Delta Air Lines by 27.0% during the first quarter. Neuberger Berman Group LLC now owns 11,402,177 shares of the transportation company stock worth $ 451,155,000 after purchasing an additional 2,423,615 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Delta Air Lines by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 11,317,760 shares of the transportation company stock valued at $ 441,460,000 after purchasing an additional 347,361 shares in the last quarter. Finally, US Global Investors Inc. increased its stake in Delta Air Lines by 6.6% in the first quarter. US Global Investors Inc. now owns 8,991,349 shares of the transportation company stock valued at $ 355,788,000 after purchasing an additional 552,758 shares during the last quarter. Institutional investors own 63.24% of the company stock.
About Delta Air Lines: (Get Rating)
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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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