Delta Air Lines (NYSE:DAL) had its price objective increased by stock analysts at Morgan Stanley from $65.00 to $68.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price target indicates a potential upside of 30.64% from the company’s previous close.

Several other equities research analysts have also issued reports on DAL. Macquarie set a $69.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Monday, October 8th. ValuEngine lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Bank of America set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Imperial Capital reduced their target price on shares of Delta Air Lines from $78.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, October 3rd. Finally, Buckingham Research reduced their target price on shares of Delta Air Lines from $71.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.55.

Delta Air Lines stock opened at $52.05 on Friday. The company has a market capitalization of $39.98 billion, a P/E ratio of 10.56, a PEG ratio of 0.51 and a beta of 1.00. Delta Air Lines has a 12-month low of $48.33 and a 12-month high of $60.79. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.67.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.06. The company had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.96 billion. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. During the same period in the prior year, the firm posted $1.57 EPS. Analysts forecast that Delta Air Lines will post 5.6 EPS for the current year.

In other Delta Air Lines news, VP Craig M. Meynard sold 1,793 shares of the stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $54.31, for a total transaction of $97,377.83. Following the completion of the sale, the vice president now directly owns 7,170 shares of the company’s stock, valued at approximately $389,402.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William H. Easter III sold 3,000 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $58.47, for a total transaction of $175,410.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,787 shares of company stock valued at $5,519,226. Insiders own 0.33% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DAL. Bank of Montreal Can grew its holdings in shares of Delta Air Lines by 14.1% in the third quarter. Bank of Montreal Can now owns 978,434 shares of the transportation company’s stock valued at $56,582,000 after purchasing an additional 120,676 shares in the last quarter. Courier Capital LLC purchased a new position in shares of Delta Air Lines in the third quarter valued at $228,000. Cascade Investment Advisors Inc. grew its holdings in shares of Delta Air Lines by 7.1% in the third quarter. Cascade Investment Advisors Inc. now owns 20,370 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 1,345 shares in the last quarter. Vigilant Capital Management LLC grew its holdings in shares of Delta Air Lines by 896.3% in the third quarter. Vigilant Capital Management LLC now owns 11,955 shares of the transportation company’s stock valued at $691,000 after purchasing an additional 10,755 shares in the last quarter. Finally, Quattro Financial Advisors LLC grew its holdings in shares of Delta Air Lines by 3,293.7% in the third quarter. Quattro Financial Advisors LLC now owns 24,299 shares of the transportation company’s stock valued at $1,269,000 after purchasing an additional 23,583 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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