Susquehanna Boosts Delta Air Lines (NYSE:DAL) Price Target to $75.00

Delta Air Lines (NYSE:DAL) had its price objective boosted by research analysts at Susquehanna from $59.00 to $75.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 21.91% from the company’s previous close.

DAL has been the topic of several other research reports. TD Cowen boosted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Citigroup upped their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group restated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $77.06.

Delta Air Lines Price Performance

DAL opened at $61.52 on Tuesday. Delta Air Lines has a 1 year low of $36.34 and a 1 year high of $67.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The company has a market capitalization of $39.70 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 1.21 and a beta of 1.35. The firm’s fifty day moving average price is $62.01 and its two-hundred day moving average price is $51.66.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter last year, the business posted $2.03 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that Delta Air Lines will post 6.08 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven M. Sear sold 10,279 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the transaction, the executive vice president now directly owns 78,459 shares in the company, valued at approximately $4,607,112.48. This represents a 11.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC bought a new stake in Delta Air Lines in the third quarter valued at $281,206,000. Castle Hook Partners LP bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $189,296,000. Jupiter Asset Management Ltd. purchased a new position in shares of Delta Air Lines during the second quarter valued at about $60,217,000. Dimensional Fund Advisors LP lifted its holdings in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after buying an additional 1,105,674 shares during the period. Finally, Sanders Capital LLC boosted its position in Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other 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 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.