Delta Air Lines (NYSE:DAL – Get Rating) had its target price hoisted by Raymond James from $52.00 to $53.00 in a research note issued to investors on Tuesday, Benzinga reports. Raymond James currently has a strong-buy rating on the transportation company’s stock.
Several other equities analysts have also recently issued reports on DAL. The Goldman Sachs Group assumed coverage on Delta Air Lines in a research report on Friday, December 16th. They set a buy rating and a $40.00 target price on the stock. TheStreet upgraded Delta Air Lines from a d+ rating to a c- rating in a report on Tuesday, September 20th. Argus upgraded Delta Air Lines from a hold rating to a buy rating and set a $39.00 target price for the company in a research note on Thursday, January 5th. Cowen upgraded 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, Citigroup raised their target price on shares of Delta Air Lines from $55.00 to $59.00 and gave the stock a buy rating in a report on Monday, December 19th. Seventeen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $49.44.
Delta Air Lines Stock Performance
NYSE DAL opened at $38.26 on Tuesday. Delta Air Lines has a 1-year low of $27.20 and a 1-year high of $46.27. The company has a market cap of $24.53 billion, a PE ratio of 18.75 and a beta of 1.20. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.50 and a quick ratio of 0.45. The stock’s 50 day simple moving average is $34.68 and its 200-day simple moving average is $32.80.
Insider Buying and Selling at Delta Air Lines
Hedge Funds Weigh In On Delta Air Lines
Several hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in shares of Delta Air Lines by 207.4% during the 2nd quarter. Lindbrook Capital LLC now owns 996 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 672 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Delta Air Lines by 153.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the transportation company’s stock worth $29,000 after buying an additional 623 shares during the period. Ten Capital Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $29,000. First PREMIER Bank lifted its position in shares of Delta Air Lines by 151.7% in the 3rd quarter. First PREMIER Bank now owns 1,095 shares of the transportation company’s stock worth $31,000 after purchasing an additional 660 shares during the period. Finally, JFS Wealth Advisors LLC lifted its position in shares of Delta Air Lines by 75.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $31,000 after purchasing an additional 480 shares during the period. 66.47% of the stock is owned by institutional investors.
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.
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