Susquehanna Increases Delta Air Lines (NYSE:DAL) Price Target to $59.00

Delta Air Lines (NYSE:DALGet Free Report) had its target price raised by analysts at Susquehanna from $50.00 to $59.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 17.30% from the stock’s previous close.

A number of other equities research analysts have also issued reports on DAL. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein lifted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen decreased their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $64.35.

Get Our Latest Report on DAL

Delta Air Lines Trading Down 1.3 %

NYSE DAL opened at $50.30 on Wednesday. Delta Air Lines has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market cap of $32.46 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.90 and a beta of 1.35. The firm’s 50 day moving average price is $43.79 and its two-hundred day moving average price is $46.83.

Delta Air Lines (NYSE:DALGet Free Report) last issued its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. Equities analysts anticipate that Delta Air Lines will post 6.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the 3rd quarter worth about $25,000. Kimelman & Baird LLC bought a new position in shares of Delta Air Lines during the 2nd quarter worth about $31,000. Rise Advisors LLC increased its holdings in shares of Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Unique Wealth Strategies LLC bought a new stake in Delta Air Lines in the second quarter valued at about $40,000. Finally, Quarry LP bought a new stake in Delta Air Lines in the second quarter valued at about $41,000. Institutional investors own 69.93% of the company’s stock.

About Delta Air Lines

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.