Morgan Stanley Increases Delta Air Lines (NYSE:DAL) Price Target to $115.00

by · The Markets Daily

Delta Air Lines (NYSE:DAL – Get Free Report) had its price objective raised by investment analysts at Morgan Stanley from $105.00 to $115.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential upside of 20.71% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Barclays raised their price objective on Delta Air Lines from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. BNP Paribas Exane reduced their target price on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. TD Cowen lifted their price objective on shares of Delta Air Lines from $92.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group boosted their price target on Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup boosted their target price on Delta Air Lines from $79.00 to $106.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Twenty-four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.35.

View Our Latest Stock Report on Delta Air Lines

Delta Air Lines Stock Performance

NYSE DAL opened at $95.27 on Monday. Delta Air Lines has a twelve month low of $49.19 and a twelve month high of $95.68. The business’s 50-day moving average price is $78.99 and its 200 day moving average price is $71.91. The company has a market capitalization of $62.59 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. On average, research analysts predict that Delta Air Lines will post 5.47 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John E. Laughter sold 69,304 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the transaction, the executive vice president directly owned 69,369 shares of the company’s stock, valued at approximately $4,727,497.35. This trade represents a 49.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of Delta Air Lines stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president directly owned 138,854 shares of the company’s stock, valued at $10,552,904. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 149,635 shares of company stock valued at $10,833,855. 0.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Delta Air Lines

Several hedge funds and other institutional investors have recently made changes to their positions in DAL. Capital International Investors increased its stake in shares of Delta Air Lines by 4.4% during the 4th quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock worth $1,680,249,000 after purchasing an additional 1,012,265 shares during the last quarter. State Street Corp increased its stake in Delta Air Lines by 0.7% in the 4th quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock worth $1,607,557,000 after acquiring an additional 165,729 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Delta Air Lines by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after buying an additional 202,865 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Delta Air Lines by 137.4% in the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock valued at $958,538,000 after purchasing an additional 7,994,004 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Delta Air Lines by 0.5% during the 4th quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock valued at $854,370,000 after acquiring an additional 56,455 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Company Profile

(Get Free Report)

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.

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