Delta Air Lines (DAL) Given a $67.00 Price Target at Stephens

Delta Air Lines (NYSE:DAL) has been given a $67.00 price objective by investment analysts at Stephens in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the transportation company’s stock. Stephens’ price objective would indicate a potential upside of 19.44% from the company’s current price.

Several other brokerages have also recently issued reports on DAL. Cowen raised their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday. Imperial Capital upgraded shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price target on the stock in a report on Thursday, October 12th. Vetr downgraded shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target on the stock. in a report on Wednesday, November 29th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $57.00 price objective (up from $56.00) on shares of Delta Air Lines in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $63.83.

Shares of Delta Air Lines (NYSE DAL) remained flat at $$56.10 during mid-day trading on Monday. The company had a trading volume of 1,404,590 shares, compared to its average volume of 7,811,433. Delta Air Lines has a 52 week low of $43.81 and a 52 week high of $56.49. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. The company has a market cap of $39,997.79, a PE ratio of 11.69, a PEG ratio of 1.70 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter last year, the company posted $1.70 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. equities research analysts expect that Delta Air Lines will post 4.97 EPS for the current fiscal year.

In other news, insider Steven M. Sear sold 6,898 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The disclosure for this sale can be found here. Insiders have sold a total of 239,810 shares of company stock valued at $12,684,903 in the last quarter. 0.37% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of DAL. Steward Partners Investment Advisory LLC purchased a new stake in Delta Air Lines during the 3rd quarter worth approximately $492,000. GSA Capital Partners LLP purchased a new stake in shares of Delta Air Lines in the third quarter valued at about $534,000. Cetera Advisor Networks LLC grew its holdings in shares of Delta Air Lines by 4.4% in the third quarter. Cetera Advisor Networks LLC now owns 26,082 shares of the transportation company’s stock valued at $1,258,000 after purchasing an additional 1,101 shares during the period. IFM Investors Pty Ltd purchased a new stake in shares of Delta Air Lines in the third quarter valued at about $269,000. Finally, Independent Advisor Alliance grew its holdings in shares of Delta Air Lines by 16.1% in the third quarter. Independent Advisor Alliance now owns 12,299 shares of the transportation company’s stock valued at $636,000 after purchasing an additional 1,702 shares during the period. Institutional investors and hedge funds own 85.24% of the company’s stock.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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