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.
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
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.
- Get a free copy of the StockNews.com research report on Delta Air Lines (DAL)
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