Analysts Set Delta Air Lines, Inc. (NYSE:DAL) Price Target at $99.84

Shares of Delta Air Lines, Inc. (NYSE:DAL) have received an average recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $99.8391.

DAL has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on Delta Air Lines from $78.00 to $108.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. Barclays boosted their target price on Delta Air Lines from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Citigroup boosted their price objective on shares of Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a report on Sunday, July 12th. Finally, UBS Group upped their target price on shares of Delta Air Lines from $107.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, July 13th.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: A U.S. appeals court vacated the Department of Transportation’s order terminating Delta’s joint venture and antitrust immunity with Grupo Aeroméxico. The ruling preserves the decade-old cross-border partnership, supporting network breadth, schedule coordination and potential revenue synergies. Delta Air Lines vs. Grupo Aeroméxico partnership article
• Positive Sentiment: Delta plans to resume daily nonstop service between New York and Tel Aviv on September 6. Restoring the route could improve international capacity utilization and revenue if travel demand remains firm. Delta to resume New York-Tel Aviv flights
• Positive Sentiment: Industry airfares have risen sharply, indicating a favorable pricing environment for carriers such as Delta. Higher fares could support revenue and margins, although capacity and demand will determine how durable the benefit is. Airfare pricing article
• Positive Sentiment: Delta’s valuation and analyst sentiment remain supportive: the company is described as a strong value stock and has a consensus “Moderate Buy” rating. Elevated call-option activity also signals increased near-term bullish speculation, though options flow is not a fundamental guarantee.
• Neutral Sentiment: Delta and United have resumed flights amid a broader shift in travel patterns; the key variables are whether demand holds and whether airlines can sustain pricing. Delta and United resume flights
• Negative Sentiment: American Airlines is restoring seatback screens to narrow its product and profitability gap with Delta, potentially increasing competitive pressure on Delta’s premium-service advantage. American Airlines restores screens
• Negative Sentiment: Recent trading showed DAL underperforming the broader market, suggesting investors may be taking profits or focusing on execution, competition and the sustainability of airline pricing despite the favorable partnership ruling.

Delta Air Lines Stock Performance

NYSE:DAL opened at $80.09 on Friday. The firm has a market capitalization of $52.67 billion, a PE ratio of 13.28, a PEG ratio of 1.10 and a beta of 1.31. Delta Air Lines has a 1 year low of $55.03 and a 1 year high of $95.68. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $87.73 and its 200 day simple moving average is $76.65.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The company had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company earned $2.10 EPS. On average, sell-side analysts anticipate that Delta Air Lines will post 6.23 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were given a dividend of $0.215 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s payout ratio is currently 14.26%.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $8,810,718. The trade was a 26.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 206,510 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,363,448 shares in the company, valued at $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. Insiders have sold a total of 356,726 shares of company stock valued at $33,081,037 in the last three months. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

A number of institutional investors have recently modified their holdings of DAL. Markowski Investments bought a new position in Delta Air Lines in the second quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Delta Air Lines during the 4th quarter worth $31,000. Timbuktu Capital Management LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter worth $31,000. SWAN Capital LLC boosted its stake in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in 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 buying an additional 429 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

About Delta Air Lines

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.