Stephens Reiterates “$67.00” Price Target for Delta Air Lines (DAL)

Stephens set a $67.00 target price on Delta Air Lines (NYSE:DAL) in a research note published on Monday, December 18th. The firm currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the company. UBS Group restated a buy rating and set a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Stifel Nicolaus restated a buy rating and set a $75.00 target price (down from $80.00) on shares of Delta Air Lines in a research report on Friday, September 22nd. Cowen reiterated a buy rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Tuesday, September 5th. Deutsche Bank lowered their price objective on Delta Air Lines from $62.00 to $59.00 and set a buy rating on the stock in a report on Wednesday, September 6th. Finally, Imperial Capital reiterated a hold rating and issued a $50.00 price objective on shares of Delta Air Lines in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $65.53.

Shares of Delta Air Lines (NYSE:DAL) traded up $1.31 on Monday, reaching $59.83. The company’s stock had a trading volume of 12,028,200 shares, compared to its average volume of 8,160,000. The firm has a market cap of $42,660.00, a P/E ratio of 12.11, a P/E/G ratio of 1.79 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines has a 12 month low of $43.81 and a 12 month high of $60.50.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. analysts predict that Delta Air Lines will post 4.89 earnings per share for the current fiscal year.

In other Delta Air Lines news, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the sale, the executive vice president now owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Sear sold 10,783 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.05, for a total transaction of $604,387.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 249,197 shares of company stock worth $13,797,192. Corporate insiders own 0.37% of the company’s stock.

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Delta Air Lines by 0.6% during the second quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after purchasing an additional 274,997 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Delta Air Lines by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after purchasing an additional 250,731 shares in the last quarter. AJO LP grew its stake in shares of Delta Air Lines by 21.2% during the second quarter. AJO LP now owns 5,637,157 shares of the transportation company’s stock worth $302,941,000 after purchasing an additional 986,803 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Delta Air Lines by 77.6% during the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after purchasing an additional 2,343,531 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Delta Air Lines by 12.3% during the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock worth $197,712,000 after purchasing an additional 449,700 shares in the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

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Delta Air Lines Company Profile

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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