Delta Air Lines (NYSE:DAL) Given New $47.00 Price Target at Susquehanna

Delta Air Lines (NYSE:DAL – Get Rating) had its price objective upped by Susquehanna from $45.00 to $47.00 in a report published on Thursday morning, The Fly reports.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Delta Air Lines from $39.00 to $40.00 in a research report on Thursday, January 13th. Raymond James decreased their price objective on shares of Delta Air Lines from $55.00 to $53.00 and set a strong-buy rating on the stock in a research report on Friday, January 14th. Citigroup decreased their price objective on shares of Delta Air Lines from $56.00 to $54.00 in a research report on Tuesday, January 18th. Barclays upgraded shares of Delta Air Lines from an equal weight rating to an overweight rating and boosted their price objective for the stock from $42.00 to $60.00 in a research report on Thursday. Finally, Argus upgraded shares of Delta Air Lines from a hold rating to a buy rating and set a $46.00 target price on the stock in a report on Tuesday, January 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Buy and an average target price of $52.44.

NYSE:DAL opened at $42.36 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.65 and a debt-to-equity ratio of 8.17. Delta Air Lines has a fifty-two week low of $29.75 and a fifty-two week high of $49.05. The stock has a market cap of $27.11 billion, a PE ratio of 53.62 and a beta of 1.20. The firm’s fifty day simple moving average is $38.63 and its 200-day simple moving average is $39.49.

Delta Air Lines (NYSE:DAL – Get Rating) last posted its quarterly earnings results on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.27) by $0.04. Delta Air Lines had a net margin of 1.47% and a negative return on equity of 41.80%. The business had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the company posted ($3.55) EPS. The business’s revenue for the quarter was up 125.3% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines will post 1.38 earnings per share for the current year.

In other news, SVP William C. Carroll sold 3,580 shares of the stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $40.08, for a total transaction of $143,486.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Several hedge funds have recently made changes to their positions in DAL. DekaBank Deutsche Girozentrale increased its position in Delta Air Lines by 70.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 47,509 shares of the transportation company’s stock worth $2,061,000 after purchasing an additional 19,666 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Delta Air Lines by 13.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 122,540 shares of the transportation company’s stock worth $5,221,000 after purchasing an additional 14,816 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth approximately $2,938,000. Huntington National Bank increased its position in Delta Air Lines by 17.1% during the 3rd quarter. Huntington National Bank now owns 8,649 shares of the transportation company’s stock worth $369,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Destiny Wealth Partners LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 62.86% of the company’s stock.

About Delta Air Lines (Get Rating)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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