Analysts Set Delta Air Lines, Inc. (NYSE:DAL) Target Price at $100.40

Delta Air Lines, Inc. (NYSE:DAL) has received an average recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $100.4043.

DAL has been the subject of a number of recent analyst reports. HSBC cut their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a research report on Thursday, April 9th. TD Cowen increased their target price on Delta Air Lines from $106.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Susquehanna lifted their price target on shares of Delta Air Lines from $78.00 to $108.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, UBS Group upped their price objective on shares of Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, July 13th.

More Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Crude oil prices fell for a second consecutive session, potentially lowering jet-fuel expenses and improving Delta’s profit margins if the decline persists. Lower energy costs could also ease inflationary pressure and support travel demand. Oil Just Lost its Inflation Premium: Here’s Who Wins if Prices Stay Low
• Positive Sentiment: Zacks highlighted DAL as a strong momentum stock, reflecting its recent price performance and improving investor interest. Momentum support may attract additional buying, although it does not by itself establish a change in Delta’s fundamentals. Here’s Why Delta Air Lines Is a Strong Momentum Stock
• Neutral Sentiment: A commentary article presents a contrarian view that higher fuel costs could potentially create benefits for Delta under certain industry or pricing conditions. However, the thesis is less immediately favorable than falling fuel prices and highlights uncertainty around fuel-cost exposure. Delta Air Lines: Higher Fuel Costs Might Produce Surprising Gains
• Neutral Sentiment: United Airlines CEO Scott Kirby’s reported merger approaches to Delta and American were rejected. Avoiding a major merger may limit near-term industry disruption for Delta, though United’s focus on fleet innovation could increase competitive pressure over time. Rejected but Not Retreating: United’s Future Lies in Fleet Innovation, Not M&A

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $93.13 on Monday. The company has a market capitalization of $61.24 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.17 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The company’s fifty day moving average price is $86.10 and its 200 day moving average price is $74.62. Delta Air Lines has a 1 year low of $52.88 and a 1 year high of $95.68.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The company had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the previous year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, research analysts predict that Delta Air Lines will post 6.54 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.215 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 9th. Delta Air Lines’s dividend payout ratio is presently 14.26%.

Insider Activity

In related news, Director David G. Dewalt sold 31,756 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $90.85, for a total value of $2,885,032.60. Following the transaction, the director directly owned 22,358 shares of the company’s stock, valued at approximately $2,031,224.30. This trade represents a 58.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 206,510 shares of Delta Air Lines stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total value of $19,164,128.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares in the company, valued at approximately $126,527,974.40. The trade was a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 357,876 shares of company stock worth $32,540,723. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new position in shares of Delta Air Lines in the fourth quarter worth about $31,000. SWAN Capital LLC lifted its stake in Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $34,000. Cornerstone Planning Group LLC grew its position in shares of Delta Air Lines by 451.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

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.