Delta Air Lines (NYSE:DAL) Given New $105.00 Price Target at Morgan Stanley

Delta Air Lines (NYSE:DAL) had its price objective lifted by investment analysts at Morgan Stanley from $90.00 to $105.00 in a research note issued to investors on Monday, Marketbeat.com reports. The firm presently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 31.84% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Rothschild & Co Redburn lowered their price objective on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Raymond James Financial raised their price target on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a report on Thursday, April 9th. Susquehanna reduced their target price on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Jefferies Financial Group increased their price objective on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and a consensus target price of $80.85.

Delta Air Lines Price Performance

Shares of NYSE DAL traded down $2.84 during mid-day trading on Monday, reaching $79.64. The company had a trading volume of 527,499 shares, compared to its average volume of 10,202,153. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The stock has a market cap of $52.32 billion, a PE ratio of 11.62, a P/E/G ratio of 1.17 and a beta of 1.30. The company has a 50-day moving average price of $70.15 and a two-hundred day moving average price of $68.06. Delta Air Lines has a 1-year low of $45.28 and a 1-year high of $83.83.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. On average, equities analysts anticipate that Delta Air Lines will post 5.37 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the transaction, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction on Friday, April 10th. The shares were sold at an average price of $68.15, for a total value of $4,723,067.60. Following the completion of the transaction, the executive vice president owned 69,369 shares of the company’s stock, valued at approximately $4,727,497.35. The trade was a 49.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 149,635 shares of company stock valued at $10,833,855. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Delta Air Lines

Several hedge funds have recently modified their holdings of DAL. Brighton Jones LLC raised its position in Delta Air Lines by 33.5% in 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 Delta Air Lines in the first quarter valued at about $178,000. Sivia Capital Partners LLC acquired a new stake in Delta Air Lines in the second quarter worth about $555,000. Marshall Wace LLP increased its position in Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after purchasing an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Delta Air Lines by 10.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 5,564 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Company Profile

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.