Delta Air Lines (NYSE:DAL) Price Target Raised to $67.00 at The Goldman Sachs Group

Delta Air Lines (NYSE:DAL - Get Free Report) had its target price hoisted by equities researchers at The Goldman Sachs Group from $60.00 to $67.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. The Goldman Sachs Group's target price would indicate a potential upside of 21.13% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Barclays boosted their price objective on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday. Morgan Stanley boosted their price objective on Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Wall Street Zen cut Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and an average target price of $64.69.

Delta Air Lines Stock Down 2.6%

Delta Air Lines stock traded down $1.47 during trading hours on Friday, hitting $55.31. The company had a trading volume of 6,069,819 shares, compared to its average volume of 9,974,290. The firm has a market capitalization of $36.12 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 2.37 and a beta of 1.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.38 and a quick ratio of 0.33. The firm's fifty day moving average is $49.18 and its 200-day moving average is $52.78. Delta Air Lines has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.09. Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The business had revenue of $15,507,000 billion during the quarter, compared to analysts' expectations of $16.16 billion. During the same quarter last year, the company posted $2.36 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current year.

Institutional Investors Weigh In On Delta Air Lines

Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in Delta Air Lines by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock worth $7,037,000 after buying an additional 9,034 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Delta Air Lines by 152.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after purchasing an additional 7,586 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Delta Air Lines by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company's stock valued at $1,670,000 after purchasing an additional 2,973 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Delta Air Lines by 21.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 145,240 shares of the transportation company's stock worth $6,332,000 after buying an additional 25,406 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Delta Air Lines by 3.7% in the 1st quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company's stock worth $418,000 after purchasing an additional 344 shares during the period. 69.93% of the stock is owned by institutional investors.

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 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.

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