Delta Air Lines (NYSE:DAL) Price Target Raised to $67.00 at Wolfe Research

Key Points

• Wolfe Research has raised Delta Air Lines' price target from $63.00 to $67.00, maintaining an "outperform" rating, which suggests an upside potential of 11.15% from the previous close.
• Several analysts have increased their price targets for Delta Air Lines, with Bernstein raising theirs to $66.00 and Evercore ISI setting it at $75.00, indicating strong market confidence.
• Delta Air Lines reported a quarterly earnings per share (EPS) of $1.71, exceeding analysts' expectations, and its revenue grew 6.4% year-over-year, despite falling short of projections.

Delta Air Lines (NYSE:DAL - Get Free Report) had its price objective lifted by equities researchers at Wolfe Research from $63.00 to $67.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Wolfe Research's target price would indicate a potential upside of 11.15% from the company's previous close.

Other equities analysts have also issued reports about the stock. Bernstein Bank boosted their price target on shares of Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Evercore ISI boosted their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday, September 29th. Barclays upped their target price on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Sanford C. Bernstein reissued an "outperform" rating on shares of Delta Air Lines in a research report on Friday, July 11th. Finally, BNP Paribas Exane increased their price objective on shares of Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and nineteen have given a Buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has an average rating of "Buy" and an average target price of $68.39.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded up $3.16 during trading on Wednesday, hitting $60.28. 8,662,420 shares of the company's stock traded hands, compared to its average volume of 10,187,826. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The firm's fifty day moving average price is $58.40 and its 200 day moving average price is $51.40. Delta Air Lines has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a market cap of $39.36 billion, a PE ratio of 8.75, a PEG ratio of 1.55 and a beta of 1.50.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Thursday, October 9th. The transportation company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.19. The firm had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.79 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. Delta Air Lines has set its Q4 2025 guidance at 1.600-1.900 EPS. Analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In other news, Director Michael P. Huerta sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the sale, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the sale, the chief executive officer owned 632,823 shares in the company, valued at approximately $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,473 shares of company stock worth $7,663,496. Corporate insiders own 0.88% of the company's stock.

Institutional Trading of Delta Air Lines

Several hedge funds have recently modified their holdings of DAL. Kingstone Capital Partners Texas LLC bought a new stake in Delta Air Lines during the 2nd quarter valued at $386,364,000. Pacer Advisors Inc. boosted its holdings in Delta Air Lines by 5,224.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company's stock worth $189,081,000 after acquiring an additional 4,255,262 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Delta Air Lines by 149.9% during the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company's stock worth $246,487,000 after acquiring an additional 3,577,489 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Delta Air Lines by 347.4% during the 1st quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company's stock worth $184,909,000 after acquiring an additional 3,286,741 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in Delta Air Lines by 1,469.9% during the 1st quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company's stock worth $144,273,000 after acquiring an additional 3,098,237 shares during the last quarter. Institutional investors own 69.93% 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 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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