Wells Fargo & Company Has Lowered Expectations for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL) had its price objective lowered by Wells Fargo & Company from $87.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 23.73% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DAL. Susquehanna increased their target price on Delta Air Lines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, January 9th. HSBC upped their price target on Delta Air Lines from $73.70 to $80.20 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Barclays increased their price objective on Delta Air Lines from $65.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Bank of America boosted their target price on shares of Delta Air Lines from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group upped their target price on shares of Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.93.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded up $1.83 during trading on Monday, hitting $60.61. 3,840,105 shares of the company’s stock traded hands, compared to its average volume of 10,015,522. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.40 and a quick ratio of 0.34. The firm’s fifty day moving average price is $67.96 and its 200 day moving average price is $64.11. Delta Air Lines has a twelve month low of $34.74 and a twelve month high of $76.39. The company has a market cap of $39.59 billion, a PE ratio of 7.89, a PEG ratio of 0.59 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.02. The firm had revenue of $14.61 billion during the quarter, compared to analyst estimates of $15.80 billion. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. Analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Rahul D. Samant sold 62,528 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $70.18, for a total value of $4,388,215.04. Following the completion of the sale, the executive vice president owned 20,939 shares of the company’s stock, valued at $1,469,499.02. This trade represents a 74.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the completion of the transaction, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at $95,795,856.48. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 620,550 shares of company stock valued at $44,127,667 over the last three months. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Delta Air Lines in the 1st quarter valued at about $178,000. Sivia Capital Partners LLC acquired a new stake in shares of Delta Air Lines during the 2nd quarter worth approximately $555,000. PNC Financial Services Group Inc. grew its position in shares of Delta Air Lines by 3.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 120,705 shares of the transportation company’s stock worth $5,936,000 after buying an additional 4,375 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Delta Air Lines by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,451,418 shares of the transportation company’s stock worth $169,741,000 after buying an additional 164,706 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.