Rothschild & Co Redburn Increases Delta Air Lines (NYSE:DAL) Price Target to $72.00

Key Points

• Rothschild & Co Redburn raised Delta Air Lines' price target from $65.00 to $72.00, indicating a potential upside of 23.71% from the current stock price.
• Multiple analysts have increased their price objectives for Delta, with Wolfe Research setting it at $67.00 and Jefferies Financial Group at $74.00, contributing to a general consensus rating of "Buy."
• Delta Air Lines' recent financial performance showed a net margin of 7.36% and a return on equity of 23.83%, indicating strong profitability.

Delta Air Lines (NYSE:DAL - Get Free Report) had its price objective hoisted by equities research analysts at Rothschild & Co Redburn from $65.00 to $72.00 in a research note issued on Tuesday,MarketScreener reports. Rothschild & Co Redburn's target price points to a potential upside of 23.71% from the stock's current price.

DAL has been the topic of several other reports. Wolfe Research upped their price objective on shares of Delta Air Lines from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Wednesday, October 8th. Jefferies Financial Group lifted their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Monday. Barclays increased their target price on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Sanford C. Bernstein raised their price target on Delta Air Lines from $71.00 to $74.00 and gave the company an "outperform" rating in a report on Friday. Finally, Seaport Global Securities boosted their price target on Delta Air Lines from $69.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company's stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of "Buy" and an average price target of $70.68.

Delta Air Lines Price Performance

DAL opened at $58.20 on Tuesday. The firm has a market capitalization of $38.00 billion, a P/E ratio of 8.18, a PEG ratio of 1.48 and a beta of 1.50. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average of $58.77 and a 200-day moving average of $51.70. Delta Air Lines has a 12-month low of $34.74 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The business had revenue of $8.40 billion during the quarter. Equities analysts forecast that Delta Air Lines will post 7.63 EPS for the current fiscal year.

Insider Activity at Delta Air Lines

In other news, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 35,000 shares of the company's stock in a transaction 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 directly owned 632,823 shares in the company, valued at $35,615,278.44. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Institutional Trading of Delta Air Lines

Hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new position in Delta Air Lines in the 2nd quarter worth approximately $386,364,000. Pacer Advisors Inc. boosted its holdings in shares of 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 valued at $189,081,000 after acquiring an additional 4,255,262 shares during the last quarter. AQR Capital Management LLC raised its stake 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 period. Ameriprise Financial Inc. boosted its stake in Delta Air Lines by 347.4% during the first quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company's stock valued at $184,909,000 after buying an additional 3,286,741 shares during the last quarter. Finally, Ninety One UK Ltd grew its holdings in shares of Delta Air Lines by 1,469.9% in the first quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company's stock valued at $144,273,000 after purchasing an additional 3,098,237 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

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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