Delta Air Lines (NYSE:DAL) Raised to Buy at StockNews.com

Delta Air Lines (NYSE:DAL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other research firms also recently commented on DAL. TD Cowen upped their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Trading Up 2.1 %

Shares of Delta Air Lines stock opened at $65.41 on Thursday. Delta Air Lines has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The firm has a market cap of $42.21 billion, a PE ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.36. The business’s fifty day moving average is $64.12 and its two-hundred day moving average is $55.38. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 EPS. Analysts anticipate that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 in the last ninety days. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Several large investors have recently modified their holdings of DAL. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth about $27,000. Hemington Wealth Management lifted its holdings in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC bought a new position in Delta Air Lines in the fourth quarter worth about $29,000. Crews Bank & Trust bought a new position in Delta Air Lines in the fourth quarter worth about $30,000. Finally, Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the third quarter worth about $31,000. Institutional investors own 69.93% of the company’s stock.

About Delta Air Lines

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.