Delta Air Lines, Inc. (NYSE:DAL) Given New $54.00 Price Target at Imperial Capital
Delta Air Lines, Inc. (NYSE:DAL) had its target price raised by Imperial Capital from $52.00 to $54.00 in a research report sent to investors on Tuesday, July 11th, MarketBeat Ratings reports. They currently have an in-line rating on the transportation company’s stock. Imperial Capital also issued estimates for Delta Air Lines’ Q2 2017 earnings at $1.73 EPS, FY2017 earnings at $5.15 EPS, FY2018 earnings at $5.65 EPS and FY2019 earnings at $2.85 EPS.
Other research analysts have also issued research reports about the stock. Vetr lowered shares of Delta Air Lines from a strong-buy rating to a buy rating and set a $55.68 price objective on the stock. in a research note on Thursday, June 1st. Stifel Nicolaus restated a buy rating on shares of Delta Air Lines in a report on Friday, May 26th. Citigroup Inc. raised their price objective on shares of Delta Air Lines from $63.00 to $65.00 and gave the stock a buy rating in a research note on Friday, May 12th. Deutsche Bank AG raised their price objective on shares of Delta Air Lines from $56.00 to $58.00 and gave the stock a buy rating in a research note on Tuesday, April 18th. Finally, Bank of America Corporation raised their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a buy rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $60.16.
Shares of Delta Air Lines (DAL) traded up 0.28% during trading on Tuesday, hitting $50.75. The stock had a trading volume of 6,241,603 shares. The firm has a market cap of $36.95 billion, a price-to-earnings ratio of 10.06 and a beta of 1.20. Delta Air Lines has a 52-week low of $35.84 and a 52-week high of $55.75. The firm’s 50-day moving average is $52.87 and its 200 day moving average is $49.44.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $1.47 EPS. Delta Air Lines’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect that Delta Air Lines will post $5.12 EPS for the current year.
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In other Delta Air Lines news, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the transaction, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at $4,170,042. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at $410,968.62. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 394,000 shares of company stock worth $31,520 and sold 131,306 shares worth $6,924,439. 0.37% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Delta Air Lines during the fourth quarter valued at $269,000. Quadrature Capital Ltd bought a new position in Delta Air Lines during the fourth quarter valued at $716,000. Wealthfront Inc. bought a new position in Delta Air Lines during the fourth quarter valued at $544,000. M Holdings Securities Inc. boosted its position in shares of Delta Air Lines by 1.4% in the fourth quarter. M Holdings Securities Inc. now owns 7,718 shares of the transportation company’s stock valued at $380,000 after buying an additional 103 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Delta Air Lines by 22.6% in the fourth quarter. Teachers Advisors LLC now owns 1,377,648 shares of the transportation company’s stock valued at $67,767,000 after buying an additional 253,661 shares during the last quarter. 87.65% of the stock is owned by hedge funds and other institutional investors.
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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