Cowen Reiterates “Outperform” Rating for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL)‘s stock had its “outperform” rating restated by Cowen in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $69.00 price target on the transportation company’s stock, up from their prior price target of $67.00. Cowen’s price objective indicates a potential upside of 11.92% from the company’s current price.

A number of other brokerages have also weighed in on DAL. Buckingham Research boosted their target price on shares of Delta Air Lines from $62.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Credit Suisse Group boosted their target price on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Raymond James boosted their target price on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Citigroup boosted their target price on shares of Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Stephens reiterated an “overweight” rating and set a $70.00 target price on shares of Delta Air Lines in a research note on Wednesday, July 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $67.18.

Shares of DAL opened at $61.65 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34. The stock has a 50 day moving average of $56.03. Delta Air Lines has a 52 week low of $45.08 and a 52 week high of $62.24. The company has a market cap of $39.40 billion, a PE ratio of 9.39, a P/E/G ratio of 0.48 and a beta of 1.18.



Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The company had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same period in the previous year, the business earned $1.77 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Delta Air Lines will post 6.92 EPS for the current fiscal year.

In related news, insider Steven M. Sear sold 8,993 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total value of $479,057.11. Following the completion of the transaction, the insider now owns 76,150 shares of the company’s stock, valued at approximately $4,056,510.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 30,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer now directly owns 354,191 shares of the company’s stock, valued at approximately $20,365,982.50. The disclosure for this sale can be found here. Insiders sold a total of 65,003 shares of company stock valued at $3,709,180 in the last ninety days. 0.47% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Horizon Investments LLC boosted its holdings in Delta Air Lines by 12.7% in the 1st quarter. Horizon Investments LLC now owns 15,084 shares of the transportation company’s stock worth $774,000 after buying an additional 1,703 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in shares of Delta Air Lines by 71.5% during the 1st quarter. Laurel Wealth Advisors LLC now owns 12,230 shares of the transportation company’s stock valued at $632,000 after purchasing an additional 5,100 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Delta Air Lines by 7.9% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 136,204 shares of the transportation company’s stock valued at $7,035,000 after purchasing an additional 9,970 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Delta Air Lines by 126.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 773,349 shares of the transportation company’s stock valued at $39,944,000 after purchasing an additional 431,817 shares during the last quarter. Finally, Northern Oak Wealth Management Inc. boosted its holdings in shares of Delta Air Lines by 4,597.8% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 57,924 shares of the transportation company’s stock valued at $2,890,000 after purchasing an additional 56,691 shares during the last quarter. 87.21% 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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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