TD Cowen Forecasts Strong Price Appreciation for Delta Air Lines (NYSE:DAL) Stock

Key Points

• TD Cowen raised its price target on Delta Air Lines from $84 to $92 and kept a buy rating, implying about 13.24% upside from the current share price.
• Other analysts remain generally constructive: Citigroup and Jefferies also lifted targets, while the overall consensus rating is Moderate Buy with an average target of $80.22.
• Delta’s latest earnings beat expectations, with EPS of $0.64 versus $0.61 expected and revenue of $14.20 billion topping estimates, reinforcing optimism about the airline’s earnings momentum.

Delta Air Lines (NYSE:DAL - Get Free Report) had its price target lifted by TD Cowen from $84.00 to $92.00 in a research note issued on Wednesday,MarketScreener reports. The firm presently has a "buy" rating on the transportation company's stock. TD Cowen's target price indicates a potential upside of 13.24% from the stock's current price.

Several other equities analysts have also weighed in on the company. Citigroup increased their price objective on Delta Air Lines from $77.00 to $79.00 and gave the company a "buy" rating in a report on Thursday, April 9th. Wolfe Research decreased their price target on Delta Air Lines from $81.00 to $73.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 7th. Jefferies Financial Group increased their price target on shares of Delta Air Lines from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Monday, April 13th. Weiss Ratings lowered shares of Delta Air Lines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 6th. Finally, Zacks Research raised shares of Delta Air Lines from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $80.22.

Delta Air Lines Price Performance

DAL opened at $81.24 on Wednesday. Delta Air Lines has a fifty-two week low of $45.28 and a fifty-two week high of $83.75. The firm has a 50-day moving average of $69.43 and a 200 day moving average of $67.72. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market cap of $53.38 billion, a P/E ratio of 11.83, a PEG ratio of 1.15 and a beta of 1.25.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.05 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that Delta Air Lines will post 5.26 EPS for the current year.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 20,621 shares of the company's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $72.75, for a total transaction of $1,500,177.75. Following the completion of the sale, the executive vice president directly owned 120,025 shares in the company, valued at $8,731,818.75. This represents a 14.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John E. Laughter sold 69,304 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the sale, the executive vice president directly owned 69,369 shares of the company's stock, valued at $4,727,497.35. The trade was a 49.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,635 shares of company stock valued at $8,402,855 over the last three months. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. IFM Investors Pty Ltd grew its position in shares of Delta Air Lines by 0.5% in the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company's stock worth $1,955,000 after buying an additional 144 shares during the last quarter. Utah Retirement Systems raised its holdings in shares of Delta Air Lines by 0.3% during the fourth quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company's stock valued at $3,652,000 after acquiring an additional 144 shares in the last quarter. First Financial Bank Trust Division raised its holdings in shares of Delta Air Lines by 3.3% during the fourth quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company's stock valued at $328,000 after acquiring an additional 150 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company's stock worth $454,000 after acquiring an additional 151 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company's stock valued at $449,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Trending Headlines about Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: TD Cowen and UBS raised their price targets on Delta, reinforcing confidence in the company’s earnings outlook and helping push the stock higher. Delta (DAL) Stock Is Up, What You Need To Know
• Positive Sentiment: UBS lifted its price target to $98 from $95 and kept a buy rating, citing a more favorable sector backdrop. UBS Adjusts Price Target on Delta Air Lines
• Positive Sentiment: Airline stocks rallied as oil prices retreated, easing jet fuel cost pressure and improving expected profitability across the industry, including Delta. Airline Stocks Rally as Oil Retreat Eases Fuel Cost Pressure
• Positive Sentiment: Delta’s recent quarterly results were solid, with EPS and revenue both beating expectations, supporting the case that earnings momentum remains intact. Delta Air Lines Stock Page
• Neutral Sentiment: An insider sale by EVP Allison Ausband was disclosed, but the transaction was relatively small versus her remaining holdings and does not appear to be the main stock driver today.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.

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