Today, Delta Air Lines Inc. (DAL) PT Set at $54.00 by Buckingham Research

Today, Delta Air Lines Inc. (DAL) PT Set at $54.00 by Buckingham Research

Delta Air Lines Inc. (NYSE:DAL) has been assigned a $54.00 price target by equities researchers at Buckingham Research in a report released on Wednesday. The firm presently has a a “buy” rating on the stock. Buckingham Research’s price objective indicates a potential upside of 35.20% from the company’s previous close.

A number of other research firms also recently commented on DAL. Cowen and Company reiterated an “outperform” rating and set a $55.00 target price on shares of Delta Air Lines in a research report on Thursday, August 11th. JPMorgan Chase & Co. decreased their target price on Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Imperial Capital initiated coverage on Delta Air Lines in a research report on Wednesday, August 24th. They set an “in-line” rating and a $41.00 target price on the stock. Raymond James Financial Inc. reiterated an “outperform” rating on shares of Delta Air Lines in a research report on Wednesday, June 15th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $52.00 target price on shares of Delta Air Lines in a research report on Tuesday, September 13th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.67.

Delta Air Lines (NYSE:DAL) opened at 39.94 on Wednesday. The stock has a market capitalization of $30.27 billion, a PE ratio of 6.50 and a beta of 0.95. Delta Air Lines has a 12-month low of $32.60 and a 12-month high of $52.77. The stock’s 50 day moving average price is $37.90 and its 200-day moving average price is $40.68.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 14th. The company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The company had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.51 billion. Delta Air Lines had a return on equity of 40.31% and a net margin of 11.88%. Delta Air Lines’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. Analysts expect that Delta Air Lines will post $5.70 earnings per share for the current year.

In other news, EVP Steven M. Sear sold 4,670 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total value of $173,630.60. Following the completion of the sale, the executive vice president now owns 52,173 shares of the company’s stock, valued at $1,939,792.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Sear sold 4,671 shares of the company’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $40.16, for a total value of $187,587.36. Following the completion of the sale, the insider now directly owns 52,174 shares of the company’s stock, valued at approximately $2,095,307.84. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Several large investors have recently modified their holdings of the company. Anchor Bolt Capital LP increased its stake in shares of Delta Air Lines by 11.6% in the first quarter. Anchor Bolt Capital LP now owns 3,508,770 shares of the company’s stock valued at $170,807,000 after buying an additional 365,249 shares during the last quarter. Strs Ohio increased its stake in shares of Delta Air Lines by 38.8% in the second quarter. Strs Ohio now owns 1,975,080 shares of the company’s stock valued at $71,952,000 after buying an additional 551,720 shares during the last quarter. Goldentree Asset Management LP increased its stake in shares of Delta Air Lines by 29.5% in the first quarter. Goldentree Asset Management LP now owns 468,465 shares of the company’s stock valued at $22,805,000 after buying an additional 106,645 shares during the last quarter. First Pacific Advisors LLC increased its position in shares of Delta Air Lines by 45.7% in the second quarter. First Pacific Advisors LLC now owns 117,800 shares of the company’s stock worth $4,291,000 after buying an additional 36,950 shares in the last quarter. Finally, National Pension Service increased its position in shares of Delta Air Lines by 5.0% in the first quarter. National Pension Service now owns 147,833 shares of the company’s stock worth $7,197,000 after buying an additional 7,075 shares in the last quarter. 84.52% of the stock is owned by institutional investors.

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