Sanford C. Bernstein Boosts Delta Air Lines (NYSE:DAL) Price Target to $88.00

Delta Air Lines (NYSE:DAL) had its price target upped by Sanford C. Bernstein from $81.00 to $88.00 in a report released on Monday,MarketScreener reports. Sanford C. Bernstein’s price objective would indicate a potential upside of 21.09% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Wolfe Research lowered their price objective 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. UBS Group upped their price target on shares of Delta Air Lines from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday. 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. Susquehanna dropped their price objective on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Finally, BNP Paribas Exane decreased their target price on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.76.

Delta Air Lines Stock Down 0.9%

Delta Air Lines stock opened at $72.67 on Monday. The company’s 50-day moving average price is $66.34 and its two-hundred day moving average price is $66.29. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The stock has a market cap of $47.75 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.08 and a beta of 1.25. Delta Air Lines has a twelve month low of $45.28 and a twelve month high of $76.39.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. As a group, analysts expect that Delta Air Lines will post 5.3 EPS for the current year.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 100,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the completion of the sale, the chief executive officer directly owned 1,363,448 shares in the company, valued at $95,795,856.48. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John E. Laughter sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares in the company, valued at approximately $3,893,364.09. This represents a 21.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 204,925 shares of company stock worth $14,323,395. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Delta Air Lines

Several institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. grew its position in Delta Air Lines by 7.7% during the 3rd quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company’s stock worth $20,366,000 after acquiring an additional 25,507 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Delta Air Lines by 10.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock valued at $4,957,000 after purchasing an additional 8,309 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of Delta Air Lines by 41.3% during the third quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock valued at $3,042,000 after purchasing an additional 15,661 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Delta Air Lines by 14.0% during the third quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock worth $25,980,000 after purchasing an additional 56,365 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Delta Air Lines in the third quarter valued at approximately $1,041,000. 69.93% of the stock is currently owned by institutional investors.

About Delta Air Lines

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.