Delta Air Lines (DAL) Given a $67.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a $67.00 price target on Delta Air Lines (NYSE:DAL) in a research report sent to investors on Wednesday morning. The firm currently has a buy rating on the transportation company’s stock.

Other equities analysts also recently issued reports about the stock. UBS Group reaffirmed a buy rating and issued a $62.00 price target (down from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Stifel Nicolaus reaffirmed a buy rating and issued a $75.00 price target (down from $80.00) on shares of Delta Air Lines in a research note on Friday, September 22nd. Stephens set a $67.00 price target on shares of Delta Air Lines and gave the stock a buy rating in a research note on Monday, December 18th. Zacks Investment Research raised shares of Delta Air Lines from a sell rating to a hold rating in a research note on Friday, November 10th. Finally, Macquarie started coverage on shares of Delta Air Lines in a research note on Monday, September 25th. They issued an outperform rating and a $61.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $65.41.

Delta Air Lines (NYSE:DAL) traded up $2.66 during midday trading on Wednesday, hitting $58.52. 25,645,500 shares of the stock were exchanged, compared to its average volume of 7,580,000. Delta Air Lines has a 1-year low of $43.81 and a 1-year high of $59.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The firm has a market capitalization of $41,720.00, a P/E ratio of 11.73, a PEG ratio of 1.79 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, January 10th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Delta Air Lines’s revenue for the quarter was up 8.3% compared to the same quarter last year. analysts anticipate that Delta Air Lines will post 4.89 EPS for the current fiscal year.

In other Delta Air Lines news, EVP Joanne D. Smith sold 894 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $56.50, for a total transaction of $50,511.00. Following the transaction, the executive vice president now directly owns 72,393 shares of the company’s stock, valued at $4,090,204.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total transaction of $998,769.78. Following the transaction, the executive vice president now directly owns 67,077 shares in the company, valued at $3,382,022.34. The disclosure for this sale can be found here. Insiders have sold 283,060 shares of company stock worth $15,612,588 over the last three months. Company insiders own 0.37% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Delta Air Lines by 0.6% in the second quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after purchasing an additional 274,997 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock valued at $377,169,000 after purchasing an additional 250,731 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Delta Air Lines by 12.3% in the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock valued at $197,712,000 after purchasing an additional 449,700 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of Delta Air Lines by 35.8% in the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after purchasing an additional 1,055,182 shares during the last quarter. Finally, Carmignac Gestion grew its position in shares of Delta Air Lines by 0.3% in the second quarter. Carmignac Gestion now owns 3,936,189 shares of the transportation company’s stock valued at $211,531,000 after purchasing an additional 12,800 shares during the last quarter. 85.01% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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