Delta Air Lines (NYSE:DAL) Given New $80.00 Price Target at Deutsche Bank Aktiengesellschaft

Delta Air Lines (NYSE:DAL) had its price objective lifted by research analysts at Deutsche Bank Aktiengesellschaft from $60.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 25.71% from the company’s current price.

DAL has been the subject of several other reports. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. TD Cowen boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $72.75.

Delta Air Lines Stock Down 1.7 %

DAL stock opened at $63.64 on Thursday. The stock has a market capitalization of $41.07 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. Delta Air Lines has a one year low of $35.46 and a one year high of $66.25. The company has a fifty day moving average of $54.27 and a 200-day moving average of $48.98. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same period in the prior year, the business earned $2.03 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts expect that Delta Air Lines will post 6.07 EPS for the current year.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 over the last 90 days. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delta Air Lines

Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its stake in shares of Delta Air Lines by 5.0% in the first quarter. Bessemer Group Inc. now owns 24,373 shares of the transportation company’s stock worth $1,166,000 after buying an additional 1,156 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth about $227,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Delta Air Lines by 1.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 178,851 shares of the transportation company’s stock valued at $8,564,000 after purchasing an additional 2,907 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Delta Air Lines by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 29,348 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Delta Air Lines by 7.7% during the first quarter. Toronto Dominion Bank now owns 318,388 shares of the transportation company’s stock worth $15,241,000 after purchasing an additional 22,799 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.