Delta Air Lines (NYSE:DAL) Given “Overweight” Rating at Morgan Stanley

Delta Air Lines (NYSE:DAL)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday, Benzinga reports. They currently have a $85.00 price target on the transportation company’s stock. Morgan Stanley’s price target points to a potential upside of 81.39% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Bank of America raised their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $58.29.

Delta Air Lines Stock Performance

DAL opened at $46.86 on Thursday. The stock has a market cap of $30.15 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.70 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.34. The firm has a fifty day moving average price of $43.44 and a 200 day moving average price of $39.35. Delta Air Lines has a 1 year low of $30.60 and a 1 year high of $49.81.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 10th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines will post 6.51 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Several institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of Delta Air Lines during the first quarter worth $217,000. Panagora Asset Management Inc. lifted its position in shares of Delta Air Lines by 41.8% during the first quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock worth $1,022,000 after purchasing an additional 7,616 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of Delta Air Lines during the first quarter worth $243,000. Raymond James Trust N.A. raised its holdings in Delta Air Lines by 20.7% in the first quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock valued at $392,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in Delta Air Lines by 3.1% in the first quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock valued at $1,168,000 after acquiring an additional 891 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

About Delta Air Lines

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.