Delta Air Lines, Inc. (NYSE:DAL) shares traded up 6.3% on Monday after Goldman Sachs Group raised their price target on the stock from $33.00 to $38.00. Goldman Sachs Group currently has a neutral rating on the stock. Delta Air Lines traded as high as $28.82 and last traded at $28.61, 38,460,767 shares changed hands during trading. A decline of 4% from the average session volume of 40,265,195 shares. The stock had previously closed at $26.91.

Several other analysts have also recently commented on the stock. Citigroup raised their target price on shares of Delta Air Lines from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Raymond James cut their price target on shares of Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Deutsche Bank dropped their target price on shares of Delta Air Lines from $51.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Bank of America raised their target price on shares of Delta Air Lines from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 26th. Finally, Barclays downgraded shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating in a report on Monday, May 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $51.80.

In other Delta Air Lines news, EVP Rahul D. Samant sold 7,475 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $26.72, for a total transaction of $199,732.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David S. Taylor purchased 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were purchased at an average cost of $21.95 per share, for a total transaction of $65,850.00. Following the completion of the purchase, the director now directly owns 8,460 shares in the company, valued at $185,697. The disclosure for this purchase can be found here. 0.63% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Delta Air Lines by 0.3% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 78,238 shares of the transportation company’s stock worth $4,575,000 after acquiring an additional 210 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Delta Air Lines by 2.9% in the fourth quarter. IHT Wealth Management LLC now owns 8,407 shares of the transportation company’s stock worth $492,000 after acquiring an additional 233 shares during the last quarter. High Pointe Capital Management LLC boosted its position in shares of Delta Air Lines by 1.7% in the fourth quarter. High Pointe Capital Management LLC now owns 14,320 shares of the transportation company’s stock worth $837,000 after acquiring an additional 240 shares during the last quarter. Ameritas Investment Company LLC boosted its position in shares of Delta Air Lines by 16.5% in the fourth quarter. Ameritas Investment Company LLC now owns 2,271 shares of the transportation company’s stock worth $133,000 after acquiring an additional 322 shares during the last quarter. Finally, Circle Wealth Management LLC boosted its position in shares of Delta Air Lines by 1.3% in the fourth quarter. Circle Wealth Management LLC now owns 27,420 shares of the transportation company’s stock worth $1,604,000 after acquiring an additional 346 shares during the last quarter. 75.69% of the stock is currently owned by institutional investors and hedge funds.

The company’s 50-day moving average is $26.91 and its 200-day moving average is $40.03. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 5.20 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 22nd. The transportation company reported ($0.51) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.72) by $0.21. Delta Air Lines had a net margin of 7.76% and a return on equity of 25.95%. The business had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $9.33 billion. During the same period last year, the company earned $0.96 earnings per share. The company’s quarterly revenue was down 18.0% on a year-over-year basis. Sell-side analysts anticipate that Delta Air Lines, Inc. will post -7.65 earnings per share for the current year.

About Delta Air Lines (NYSE:DAL)

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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