Barclays Boosts Delta Air Lines (NYSE:DAL) Price Target to $44.00

Delta Air Lines (NYSE:DAL – Get Rating) had its target price hoisted by Barclays from $38.00 to $44.00 in a research report report published on Wednesday, The Fly reports. Barclays currently has an overweight rating on the transportation company’s stock.

Several other research firms have also issued reports on DAL. TheStreet raised Delta Air Lines from a d+ rating to a c- rating in a research note on Tuesday, September 20th. StockNews.com initiated coverage on shares of Delta Air Lines in a research note on Wednesday, October 12th. They set a hold rating for the company. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $35.00 to $40.00 and gave the company a buy rating in a research note on Monday, October 24th. Cowen raised shares of Delta Air Lines from a market perform rating to an outperform rating and set a $54.00 price target for the company in a research note on Friday, October 14th. Finally, Cowen raised shares of Delta Air Lines from a market perform rating to an outperform rating and set a $54.00 price objective on the stock in a research report on Friday, October 14th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $49.38.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $38.20 on Wednesday. Delta Air Lines has a 52-week low of $27.20 and a 52-week high of $46.27. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 347.27 and a beta of 1.20. The firm’s fifty day moving average is $34.49 and its 200 day moving average is $32.64. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 4.62.

Delta Air Lines (NYSE:DAL – Get Rating) last announced its earnings results on Thursday, October 13th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.05). Delta Air Lines had a net margin of 0.18% and a return on equity of 32.62%. The business had revenue of $13.98 billion for the quarter, compared to analysts’ expectations of $13.62 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 52.7% compared to the same quarter last year. Sell-side analysts forecast that Delta Air Lines will post 3.08 EPS for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Joanne D. Smith sold 2,000 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $34.19, for a total transaction of $68,380.00. Following the transaction, the executive vice president now directly owns 111,153 shares in the company, valued at $3,800,321.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.84% of the company’s stock.

Institutional Trading of Delta Air Lines

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Beacon Investment Advisory Services Inc. purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $264,000. Allworth Financial LP lifted its position in shares of Delta Air Lines by 5.0% during the fourth quarter. Allworth Financial LP now owns 47,725 shares of the transportation company’s stock valued at $1,568,000 after buying an additional 2,291 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at about $220,000. CHICAGO TRUST Co NA bought a new stake in shares of Delta Air Lines in the 4th quarter valued at about $207,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $6,080,000. Institutional investors own 66.47% of the company’s stock.

Delta Air Lines Company Profile

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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.