Delta Air Lines Inc. (NYSE:DAL) had its price target hoisted by analysts at Argus to $48.00 in a note issued to investors on Monday. Argus’ price objective points to a potential upside of 21.06% from the company’s previous close.

A number of other research analysts have also commented on the stock. Buckingham Research set a $54.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, October 5th. Zacks Investment Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $43.41 price target on the stock. in a research note on Wednesday, September 7th. Evercore Partners Inc. reiterated a “hold” rating on shares of Delta Air Lines in a research note on Friday, July 15th. Finally, Imperial Capital initiated coverage on shares of Delta Air Lines in a research report on Wednesday, August 24th. They set an “in-line” rating and a $41.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $52.46.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) traded down 1.40% on Monday, hitting $39.48. 6,702,230 shares of the stock were exchanged. Delta Air Lines has a 1-year low of $32.60 and a 1-year high of $52.77. The company has a market capitalization of $29.93 billion, a PE ratio of 6.43 and a beta of 0.95. The company has a 50-day moving average price of $38.38 and a 200 day moving average price of $40.34.

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. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The business had revenue of $10.48 billion for the quarter. During the same quarter last year, the company posted $1.74 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts anticipate that Delta Air Lines will post $5.70 EPS for the current fiscal year.

In related news, CFO Paul A. Jacobson purchased 25,000 shares of Delta Air Lines stock in a transaction on Monday, July 25th. The stock was acquired at an average cost of $38.91 per share, for a total transaction of $972,750.00. Following the completion of the acquisition, the chief financial officer now owns 328,631 shares of the company’s stock, valued at approximately $12,787,032.21. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven M. Sear sold 4,670 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 52,173 shares of the company’s stock, valued at $1,939,792.14. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in Delta Air Lines by 24.2% in the first quarter. Franklin Resources Inc. now owns 56,157 shares of the company’s stock worth $2,734,000 after buying an additional 10,929 shares during the last quarter. Credit Agricole S A boosted its stake in Delta Air Lines by 25.4% in the first quarter. Credit Agricole S A now owns 1,069,035 shares of the company’s stock worth $52,041,000 after buying an additional 216,651 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Delta Air Lines by 58.1% in the first quarter. Canada Pension Plan Investment Board now owns 879,124 shares of the company’s stock worth $42,796,000 after buying an additional 323,013 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in Delta Air Lines during the first quarter worth approximately $603,000. Finally, BB&T Securities LLC boosted its stake in Delta Air Lines by 8.8% in the first quarter. BB&T Securities LLC now owns 44,985 shares of the company’s stock worth $2,189,000 after buying an additional 3,644 shares during the last quarter. Institutional investors and hedge funds own 84.49% 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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