JPMorgan Chase & Co. Boosts Delta Air Lines (NYSE:DAL) Price Target to $69.00

Delta Air Lines (NYSE:DALGet Rating) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $57.00 to $69.00 in a research note issued to investors on Wednesday, The Fly reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 68.21% from the stock’s current price.

DAL has been the subject of a number of other reports. Argus upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, January 18th. UBS Group upgraded shares of Delta Air Lines to a “buy” rating in a research report on Friday, January 7th. Citigroup reduced their price target on shares of Delta Air Lines from $56.00 to $54.00 in a research report on Tuesday, January 18th. Susquehanna upgraded shares of Delta Air Lines from a “neutral” rating to a “positive” rating and boosted their price target for the company from $45.00 to $50.00 in a research report on Thursday, January 13th. Finally, Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $51.00.

Delta Air Lines stock traded up $2.40 during mid-day trading on Wednesday, reaching $41.02. The company’s stock had a trading volume of 33,323,790 shares, compared to its average volume of 15,389,919. Delta Air Lines has a 12-month low of $29.75 and a 12-month high of $49.50. The company has a market capitalization of $26.25 billion, a P/E ratio of 97.67 and a beta of 1.20. The company has a debt-to-equity ratio of 6.47, a quick ratio of 0.74 and a current ratio of 0.76. The firm’s fifty day moving average price is $38.55 and its two-hundred day moving average price is $39.56.

Delta Air Lines (NYSE:DALGet Rating) last released its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.34) by $0.11. Delta Air Lines had a net margin of 0.93% and a negative return on equity of 125.82%. The business had revenue of $9.35 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the business earned ($3.55) EPS. Delta Air Lines’s revenue was up 125.3% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines will post 1.52 EPS for the current fiscal year.

In other Delta Air Lines news, SVP William C. Carroll sold 3,580 shares of the business’s stock in a transaction on Wednesday, February 2nd. The shares were sold at an average price of $40.08, for a total value of $143,486.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.63% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter worth $25,000. Old North State Trust LLC lifted its stake in Delta Air Lines by 790.7% in the fourth quarter. Old North State Trust LLC now owns 668 shares of the transportation company’s stock worth $26,000 after purchasing an additional 593 shares during the last quarter. Evolution Advisers Inc. bought a new stake in Delta Air Lines in the fourth quarter worth $29,000. Tyler Stone Wealth Management bought a new stake in Delta Air Lines in the fourth quarter worth $29,000. Finally, Wealth Quarterback LLC raised its stake in shares of Delta Air Lines by 257.8% during the third quarter. Wealth Quarterback LLC now owns 5,034 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 3,627 shares during the last quarter. 62.86% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Company Profile (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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