Delta Air Lines (NYSE:DAL) had its price objective hoisted by Morgan Stanley from $65.00 to $68.00 in a research report report published on Friday morning. They currently have an overweight rating on the transportation company’s stock.

Several other research analysts have also commented on DAL. Cfra reissued a buy rating and set a $70.00 price objective on shares of Delta Air Lines in a report on Monday, June 18th. Zacks Investment Research raised Delta Air Lines from a sell rating to a hold rating in a report on Monday, July 2nd. Deutsche Bank lowered Delta Air Lines from a buy rating to a hold rating and cut their price objective for the stock from $64.00 to $53.00 in a report on Tuesday, July 3rd. ValuEngine lowered Delta Air Lines from a hold rating to a sell rating in a report on Wednesday, July 4th. Finally, Stephens set a $65.00 price objective on Delta Air Lines and gave the stock a buy rating in a report on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $67.55.

DAL stock traded up $0.57 during mid-day trading on Friday, reaching $52.05. 9,610,123 shares of the company traded hands, compared to its average volume of 6,999,253. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $39.98 billion, a PE ratio of 10.56, a PEG ratio of 0.51 and a beta of 1.00. Delta Air Lines has a 52-week low of $48.33 and a 52-week high of $60.79.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a return on equity of 26.75% and a net margin of 7.72%. The company had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.96 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. On average, equities research analysts anticipate that Delta Air Lines will post 5.6 EPS for the current fiscal year.

In other Delta Air Lines news, COO W Gilbert West sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief operating officer now owns 95,447 shares of the company’s stock, valued at $5,025,284.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 12,250 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $53.00, for a total value of $649,250.00. Following the completion of the sale, the executive vice president now directly owns 107,575 shares of the company’s stock, valued at approximately $5,701,475. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,787 shares of company stock valued at $5,519,226. 0.33% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in DAL. Lansdowne Partners UK LLP lifted its position in Delta Air Lines by 9.6% in the second quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock valued at $1,393,561,000 after purchasing an additional 2,462,310 shares during the last quarter. Investec Asset Management LTD lifted its position in Delta Air Lines by 44.5% in the second quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock valued at $185,386,000 after purchasing an additional 1,152,284 shares during the last quarter. BlackRock Inc. lifted its position in Delta Air Lines by 2.4% in the second quarter. BlackRock Inc. now owns 35,660,948 shares of the transportation company’s stock valued at $1,766,644,000 after purchasing an additional 825,244 shares during the last quarter. Janus Henderson Group PLC lifted its position in Delta Air Lines by 74.7% in the second quarter. Janus Henderson Group PLC now owns 1,856,847 shares of the transportation company’s stock valued at $91,988,000 after purchasing an additional 793,984 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its position in Delta Air Lines by 1,038.7% in the second quarter. OppenheimerFunds Inc. now owns 853,543 shares of the transportation company’s stock valued at $42,285,000 after purchasing an additional 778,585 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

About Delta Air Lines

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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