Delta Air Lines (NYSE:DAL) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Delta Air Lines (NYSE:DAL) had its price objective increased by research analysts at Jefferies Financial Group from $56.00 to $62.00 in a research note issued to investors on Monday. The firm currently has a “hold” rating on the transportation company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 11.17% from the company’s current price.

DAL has been the topic of a number of other reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Delta Air Lines in a research note on Friday. Citigroup cut their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Wall Street Zen lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Bank of America dropped their price objective on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Wolfe Research increased their target price on Delta Air Lines from $56.00 to $63.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines has an average rating of “Moderate Buy” and an average target price of $66.21.

Delta Air Lines Stock Down 4.0%

Shares of NYSE DAL opened at $55.77 on Monday. The company has a market capitalization of $36.42 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The company has a 50 day simple moving average of $49.90 and a 200-day simple moving average of $52.60. Delta Air Lines has a 1 year low of $34.74 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The company had revenue of $15,507,000 billion during the quarter, compared to analysts’ expectations of $16.16 billion. During the same quarter last year, the firm earned $2.36 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 45,423 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $55.56, for a total value of $2,523,701.88. Following the transaction, the executive vice president owned 131,731 shares in the company, valued at approximately $7,318,974.36. This represents a 25.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

Institutional Trading of Delta Air Lines

A number of large investors have recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Delta Air Lines in the first quarter valued at about $31,000. Kayne Anderson Rudnick Investment Management LLC increased its position in Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 431 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Delta Air Lines during the 1st quarter valued at approximately $33,000. Graney & King LLC acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $34,000. Finally, Continuum Advisory LLC grew its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 179 shares during the last quarter. 69.93% of the stock is 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.