Citigroup's target price suggests that the stock could rise by 44.12% over its previous close.
Several other analysts also commented recently on the stock. In a Friday research note, Raymond James raised their target price for shares of Delta Air Lines to $58.00 from $57.00. They also gave the stock an'strong-buy rating'. In a research report published on Saturday, a note was released that upgraded shares of Delta Air Lines to a "buy" rating. Susquehanna raised their price target on shares of Delta Air Lines on Wednesday, 28th June from $45.00 up to $54.00. Morgan Stanley, in a Friday research note, raised their price target on Delta Air Lines shares from $70.00 up to $77.00. The company was also given an "overweight" rating. Thirteen analysts gave the stock a buy recommendation and one analyst gave it a strong purchase recommendation. The price of the stock fell $1.12 to $46.49. 18178,736 company shares were traded, as compared to the average volume of 12,884,408. The market cap is $29.88 billion. It has a price to earnings ratio of 10.02 and a P/E/G of 0.20. The company has a moving average of $40.54 for the past 50 days and $37.70 for the last 200 days. The debt-to equity ratio for the company is 2.24. Its quick ratio is 0.42, and its current ratio 0.46. Delta Air Lines's 1 year low is $27.20, and its 1 year high is $49.81.
The last time ) released its results was on Thursday 13th July. The company's earnings per share for the third quarter were $2.68, exceeding analysts' expectations of $2.40. Revenue for the quarter was $15.58 billion, which is higher than analysts' expectations of $14.44 billion. Delta Air Lines' net margin was 5.36%, and its return on equity was 59.56%. The company's revenue for the quarter was up 12.7% compared to last year. In the same quarter last year, the company had earned $1.44 per share. Analysts at Equities Research predict that Delta Air Lines' earnings per share will be 6.32 for the current fiscal.
Insider Buying & Selling
On Monday, 17th April, 5,000 shares were sold. The shares were purchased at an average of $34.53 for a transaction totaling $172,650.00. After the sale, the president owns directly 273,712 of the company stock valued at $9,451,275.36. On Monday, April 17, President Glen W. Hauenstein, in related news, sold 5,000 of the company stock. The shares were purchased at an average of $34.53, resulting in a transaction totaling $172,650.00. After the sale, the president owns directly 273,712 of the company stock valued at $9,451,275.36. The company sold 7,513 of its shares in a deal that took place on May 31st. The stock was purchased at an average of $36.90 for a transaction totaling $277,229.70. The executive vice president owns directly 107,782 company shares, worth $3,977 155.80, following the sale. Insiders own 0.89%.
Delta Air Lines: Institutional investors weigh in
Several large investors recently changed their DAL holdings. Vanguard Group Inc. increased its holdings in Delta Air Lines shares by 1.9% during the first quarter. Vanguard Group Inc. owns 68.234,306 of the transportation company’s stock, valued at $2.700.032,000, after purchasing an additional 1,267.578 shares in the last quarter. State Street Corp increased its Delta Air Lines stake by 2.8% in the first quarter. State Street Corp owns 21652,643 of the transport company's shares worth $756,110,000, after buying an additional 579 727 shares. FMR LLC increased its Delta Air Lines stake by 30.4% in the first quarter. FMR LLC owns 14,779351 shares in the transportation company, worth $516.095,000, after buying an additional 3,445,953 during the period. Geode Capital Management LLC increased its Delta Air Lines stake by 2.7% in the first quarter. Geode Capital Management LLC owns now 13,168,804 of the transportation company’s stock valued at $459,144,000, after buying an additional 351,286 during the period. Renaissance Technologies LLC increased its Delta Air Lines stake by 12.2% in the fourth quarter. Renaissance Technologies LLC owns 9,893,400 of the transportation company’s stock, worth $325.097,000, after buying an additional 1,077.500 shares. Hedge funds and institutional investors own 68.35%.
Delta Air Lines
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Delta Air Lines, Inc. provides scheduled air transport for passengers and cargo to the United States as well as internationally. The company is divided into two segments: Airline and Refinery. The company's domestic network is centered around core hubs located in Atlanta, Minneapolis, St. Paul, Detroit and Salt Lake City as well as coastal positions in Boston and Los Angeles as well as New York LaGuardia and New York JFK; and its international network centers on hubs with market presences in Amsterdam, Mexico City and London-Heathrow as Paris-Charles de Gaulle and Seoul-Incheon.
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