Jefferies Financial Group Boosts Delta Air Lines (NYSE:DAL) Price Target to $62.00

Delta Air Lines (NYSE:DAL - Get Free Report) had its price target boosted by stock analysts at Jefferies Financial Group from $56.00 to $62.00 in a research report issued to clients and investors on Monday. The firm presently has a "hold" rating on the transportation company's stock. Jefferies Financial Group's price target indicates a potential upside of 9.21% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America cut their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Barclays increased their target price on Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research note on Friday. Morgan Stanley upped their price target on Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a report on Friday. Finally, UBS Group set a $72.00 price objective on Delta Air Lines in a research report on Friday. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.21.

Delta Air Lines Stock Down 2.3%

Shares of NYSE DAL traded down $1.34 during trading on Monday, reaching $56.77. The company had a trading volume of 2,494,295 shares, compared to its average volume of 9,884,818. Delta Air Lines has a 12-month low of $34.74 and a 12-month high of $69.98. The stock has a market cap of $37.07 billion, a PE ratio of 8.22, a P/E/G ratio of 2.43 and a beta of 1.49. The business's 50-day moving average is $49.68 and its 200 day moving average is $52.58. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly 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 7.24% and a return on equity of 24.86%. The company had revenue of $15,507,000 billion for the quarter, compared to analysts' expectations of $16.16 billion. During the same quarter in the previous year, the business posted $2.36 EPS. Delta Air Lines's revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current fiscal year.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 45,423 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the completion of the sale, the executive vice president directly owned 131,731 shares of the company's stock, valued at $7,318,974.36. This trade represents a 25.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Large investors have recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in Delta Air Lines during the first quarter worth approximately $31,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Delta Air Lines during the 1st quarter valued at approximately $33,000. Graney & King LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at $34,000. Finally, Continuum Advisory LLC lifted its position in Delta Air Lines by 44.2% in the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after buying an additional 179 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

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

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