Morgan Stanley Increases Delta Air Lines (NYSE:DAL) Price Target to $65.00

Delta Air Lines (NYSE:DALGet Rating) had its target price upped by analysts at Morgan Stanley from $60.00 to $65.00 in a report issued on Thursday, The Fly reports. The firm currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price target suggests a potential upside of 53.45% from the stock’s current price.

Several other brokerages also recently commented on DAL. Susquehanna raised their target price on Delta Air Lines from $45.00 to $47.00 in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $57.00 to $69.00 in a research report on Wednesday. Barclays upgraded Delta Air Lines from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $42.00 to $60.00 in a research report on Thursday. Susquehanna Bancshares upgraded Delta Air Lines from a “neutral” rating to a “positive” rating and set a $50.00 price target for the company in a research report on Thursday, January 13th. Finally, Berenberg Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating and lifted their price target for the company from $48.00 to $50.00 in a research report on Tuesday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $52.44.

Shares of NYSE DAL opened at $42.36 on Thursday. Delta Air Lines has a 52 week low of $29.75 and a 52 week high of $49.05. The business has a 50-day simple moving average of $38.63 and a two-hundred day simple moving average of $39.54. The company has a quick ratio of 0.74, a current ratio of 0.65 and a debt-to-equity ratio of 8.17. The company has a market cap of $27.16 billion, a P/E ratio of 53.62 and a beta of 1.20.

Delta Air Lines (NYSE:DALGet Rating) last issued its earnings results on Wednesday, April 13th. The transportation company reported ($1.23) EPS for the quarter, topping the consensus estimate of ($1.27) by $0.04. 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 quarter last year, the company earned ($3.55) EPS. The firm’s revenue was up 125.3% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines will post 1.38 EPS for the current year.

In other Delta Air Lines news, SVP William C. Carroll sold 3,580 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $40.08, for a total value of $143,486.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in Delta Air Lines by 1.5% in the 4th quarter. State Street Corp now owns 22,075,797 shares of the transportation company’s stock worth $862,722,000 after purchasing an additional 336,057 shares during the period. Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 11,317,760 shares of the transportation company’s stock valued at $441,460,000 after buying an additional 347,361 shares during the period. U S Global Investors Inc. increased its stake in shares of Delta Air Lines by 5.4% during the third quarter. U S Global Investors Inc. now owns 8,844,732 shares of the transportation company’s stock valued at $376,874,000 after buying an additional 450,759 shares during the period. Morgan Stanley increased its stake in shares of Delta Air Lines by 0.4% during the third quarter. Morgan Stanley now owns 8,822,312 shares of the transportation company’s stock valued at $375,918,000 after buying an additional 32,374 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Delta Air Lines by 34.1% during the third quarter. Neuberger Berman Group LLC now owns 5,339,150 shares of the transportation company’s stock valued at $226,792,000 after buying an additional 1,358,120 shares during the period. 62.86% of the stock is currently 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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