Deutsche Bank Aktiengesellschaft Raises Delta Air Lines (NYSE:DAL) Price Target to $60.00

Delta Air Lines (NYSE:DAL) had its target price upped by equities researchers at Deutsche Bank Aktiengesellschaft from $50.00 to $60.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 28.04% from the company’s current price.

Several other research firms have also weighed in on DAL. UBS Group assumed coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective on the stock. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday. Morgan Stanley upped their price objective on Delta Air Lines from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Bank of America upped their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $46.86 on Thursday. Delta Air Lines has a fifty-two week low of $30.60 and a fifty-two week high of $49.81. The business has a 50-day moving average of $43.44 and a two-hundred day moving average of $39.35. The stock has a market capitalization 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.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations 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. On average, equities research analysts predict that Delta Air Lines will post 6.51 EPS for the current fiscal year.

Insider Activity

In other news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated 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 owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delta Air Lines

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Delta Air Lines by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock valued at $2,700,032,000 after purchasing an additional 1,267,578 shares during the last quarter. State Street Corp lifted its position in Delta Air Lines by 2.8% during the first quarter. State Street Corp now owns 21,652,643 shares of the transportation company’s stock worth $756,110,000 after acquiring an additional 579,727 shares during the last quarter. Capital International Investors lifted its position in Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after acquiring an additional 1,689,053 shares during the last quarter. Capital World Investors lifted its position in Delta Air Lines by 0.5% during the fourth quarter. Capital World Investors now owns 14,981,124 shares of the transportation company’s stock worth $602,691,000 after acquiring an additional 79,818 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Delta Air Lines by 2.7% during the first quarter. Geode Capital Management LLC now owns 13,168,804 shares of the transportation company’s stock worth $459,144,000 after acquiring an additional 351,286 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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