Delta Air Lines (NYSE:DAL) Price Target Raised to $90.00 at Barclays

Delta Air Lines (NYSE:DAL) had its price target lifted by Barclays from $60.00 to $90.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on the company. Jefferies Financial Group increased their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Bank of America boosted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Sanford C. Bernstein increased their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Susquehanna increased their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus price target of $71.22.

Delta Air Lines Trading Down 1.3 %

Shares of NYSE:DAL traded down $0.82 during trading on Thursday, reaching $64.03. 5,628,743 shares of the company traded hands, compared to its average volume of 9,379,940. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines has a 52-week low of $35.28 and a 52-week high of $66.25. The firm has a market capitalization of $41.32 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 1.23 and a beta of 1.33. The business’s fifty day moving average is $52.62 and its 200-day moving average is $48.62.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter last year, the company posted $2.03 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Delta Air Lines will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Insider Buying and Selling

In other news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock valued at $8,044,893 in the last ninety days. 0.96% of the stock is owned by company insiders.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently modified their holdings of the company. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Capital World Investors raised its position in Delta Air Lines by 0.3% during the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after buying an additional 49,712 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after acquiring an additional 1,105,674 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Delta Air Lines in the third quarter worth $281,206,000. Finally, Castle Hook Partners LP purchased a new position in shares of Delta Air Lines during the third quarter worth $189,296,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Company Profile

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.