Delta Air Lines (NYSE:DAL) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Delta Air Lines (NYSE:DAL) from a hold rating to a buy rating in a research report report published on Tuesday morning, Analyst Price Targets reports. The brokerage currently has $60.00 price objective on the transportation company’s stock, up from their previous price objective of $50.00. Jefferies Financial Group also issued estimates for Delta Air Lines’ Q2 2021 earnings at ($1.42) EPS, Q3 2021 earnings at $0.17 EPS, Q4 2021 earnings at $0.82 EPS, FY2021 earnings at ($3.65) EPS, FY2022 earnings at $3.75 EPS and FY2023 earnings at $7.60 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Delta Air Lines from a hold rating to a sell rating and set a $48.00 price target on the stock. in a research report on Thursday, April 22nd. JPMorgan Chase & Co. upped their price target on Delta Air Lines from $49.00 to $63.00 and gave the company an overweight rating in a research report on Wednesday, April 14th. The Goldman Sachs Group upped their price target on Delta Air Lines from $35.00 to $47.00 and gave the company a neutral rating in a research report on Tuesday, March 16th. Cowen upped their price target on Delta Air Lines from $44.00 to $53.00 and gave the company a market perform rating in a research report on Friday, April 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Delta Air Lines from a hold rating to a buy rating and set a $55.00 price target on the stock in a research report on Monday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Delta Air Lines presently has a consensus rating of Hold and a consensus target price of $48.90.

Shares of DAL opened at $46.28 on Tuesday. Delta Air Lines has a 12-month low of $24.38 and a 12-month high of $52.28. The stock has a 50-day moving average price of $46.73. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 54.07. The firm has a market cap of $29.60 billion, a PE ratio of -2.26 and a beta of 1.45.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 14th. The transportation company reported ($3.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.73) by ($0.82). Delta Air Lines had a negative return on equity of 249.42% and a negative net margin of 102.96%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned ($0.51) EPS. Delta Air Lines’s revenue for the quarter was down 60.4% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines will post -4.03 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 2.2% in the first quarter. Geode Capital Management LLC now owns 10,620,795 shares of the transportation company’s stock worth $511,809,000 after purchasing an additional 231,895 shares during the last quarter. Morgan Stanley raised its stake in shares of Delta Air Lines by 107.9% in the fourth quarter. Morgan Stanley now owns 9,886,976 shares of the transportation company’s stock worth $397,556,000 after purchasing an additional 5,130,847 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of Delta Air Lines by 20.6% in the first quarter. U S Global Investors Inc. now owns 8,606,475 shares of the transportation company’s stock worth $415,521,000 after purchasing an additional 1,472,994 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Delta Air Lines by 15.0% in the first quarter. Nuveen Asset Management LLC now owns 5,505,912 shares of the transportation company’s stock worth $265,825,000 after purchasing an additional 717,673 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Delta Air Lines by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 4,898,929 shares of the transportation company’s stock worth $236,519,000 after purchasing an additional 25,513 shares during the last quarter. 63.92% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Company Profile

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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