Delta Air Lines Inc. (NYSE:DAL) had its price objective boosted by Imperial Capital from $41.00 to $44.00 in a research report issued to clients and investors on Friday. The firm presently has an “in-line” rating on the stock. Imperial Capital’s price objective points to a potential upside of 9.97% from the company’s current price.

Several other analysts have also issued reports on DAL. Vetr lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating and set a $40.40 target price for the company. in a research note on Thursday. Sanford C. Bernstein assumed coverage on shares of Delta Air Lines in a research note on Tuesday. They issued a “market perform” rating and a $43.00 target price for the company. Bank of America Corp. set a $60.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Tuesday, October 4th. Buckingham Research set a $54.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, October 5th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $52.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 13th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $53.17.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) opened at 40.01 on Friday. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $52.77. The company has a market capitalization of $30.33 billion, a price-to-earnings ratio of 6.52 and a beta of 0.95. The company’s 50-day moving average is $38.28 and its 200-day moving average is $40.40.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 13th. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. The business earned $10.48 billion during the quarter, compared to analyst estimates of $11.11 billion. Delta Air Lines had a net margin of 11.88% and a return on equity of 40.31%. Delta Air Lines’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 EPS. On average, analysts expect that Delta Air Lines will post $5.70 earnings per share for the current fiscal year.

In related news, insider Steven M. Sear sold 4,671 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $40.16, for a total value of $187,587.36. Following the transaction, the insider now directly owns 52,174 shares in the company, valued at $2,095,307.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven M. Sear sold 4,670 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total transaction of $173,630.60. Following the completion of the transaction, the executive vice president now owns 52,173 shares in the company, valued at $1,939,792.14. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DAL. Public Employees Retirement Association of Colorado boosted its position in shares of Delta Air Lines by 30.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,217,335 shares of the company’s stock worth $44,348,000 after buying an additional 281,253 shares during the last quarter. Anchor Bolt Capital LP boosted its position in shares of Delta Air Lines by 11.6% in the first quarter. Anchor Bolt Capital LP now owns 3,508,770 shares of the company’s stock worth $170,807,000 after buying an additional 365,249 shares during the last quarter. Strs Ohio boosted its position in shares of Delta Air Lines by 38.8% in the second quarter. Strs Ohio now owns 1,975,080 shares of the company’s stock worth $71,952,000 after buying an additional 551,720 shares during the last quarter. Goldentree Asset Management LP boosted its position in shares of Delta Air Lines by 29.5% in the first quarter. Goldentree Asset Management LP now owns 468,465 shares of the company’s stock worth $22,805,000 after buying an additional 106,645 shares during the last quarter. Finally, First Pacific Advisors LLC boosted its position in shares of Delta Air Lines by 45.7% in the second quarter. First Pacific Advisors LLC now owns 117,800 shares of the company’s stock worth $4,291,000 after buying an additional 36,950 shares during the last quarter. Institutional investors own 84.51% of the company’s stock.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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