Susquehanna Bancshares Increases Delta Air Lines (NYSE:DAL) Price Target to $47.00

Delta Air Lines (NYSE:DALGet Rating) had its price target upped by stock analysts at Susquehanna Bancshares from $45.00 to $47.00 in a note issued to investors on Thursday, Stock Target Advisor reports. Susquehanna Bancshares’ price target indicates a potential upside of 10.95% from the stock’s current price.

DAL has been the topic of several other reports. StockNews.com assumed coverage on Delta Air Lines in a research report on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group upped their price target on Delta Air Lines from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays upgraded Delta Air Lines from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $42.00 to $60.00 in a research report on Thursday. Berenberg Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating and upped their price target for the stock from $48.00 to $50.00 in a research report on Tuesday, January 25th. Finally, JPMorgan Chase & Co. upped their price target on Delta Air Lines from $57.00 to $69.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $52.44.

Shares of Delta Air Lines stock opened at $42.36 on Thursday. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 53.62 and a beta of 1.20. The company’s 50 day moving average is $38.63 and its 200 day moving average is $39.54. Delta Air Lines has a twelve month low of $29.75 and a twelve month high of $49.05. The company has a quick ratio of 0.74, a current ratio of 0.65 and a debt-to-equity ratio of 8.17.

Delta Air Lines (NYSE:DALGet Rating) last issued its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.27) by $0.04. The company had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $8.99 billion. Delta Air Lines had a net margin of 1.47% and a negative return on equity of 41.80%. The firm’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($3.55) earnings per share. Sell-side analysts expect that Delta Air Lines will post 1.3 EPS for the current fiscal year.

In related news, SVP William C. Carroll sold 3,580 shares of the stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $40.08, for a total transaction of $143,486.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in DAL. Creative Financial Designs Inc. ADV raised its position in Delta Air Lines by 3.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 10,503 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 336 shares during the period. DeDora Capital Inc. purchased a new stake in Delta Air Lines during the first quarter valued at approximately $75,000. Reitz Capital Advisors LLC raised its position in Delta Air Lines by 37.0% during the first quarter. Reitz Capital Advisors LLC now owns 13,203 shares of the transportation company’s stock valued at $522,000 after purchasing an additional 3,566 shares during the period. Scout Investments Inc. purchased a new stake in Delta Air Lines during the first quarter valued at approximately $29,114,000. Finally, Pflug Koory LLC raised its position in Delta Air Lines by 12.9% during the first quarter. Pflug Koory LLC now owns 6,381 shares of the transportation company’s stock valued at $252,000 after purchasing an additional 730 shares during the period. 62.86% of the stock is owned by institutional investors.

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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