Delta Air Lines (NYSE:DAL) Upgraded by Susquehanna Bancshares to Positive

Delta Air Lines (NYSE:DAL) was upgraded by Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a research note issued on Thursday, Stock Target Advisor reports. The firm presently has a $50.00 price target on the transportation company’s stock. Susquehanna Bancshares’ price objective would indicate a potential upside of 24.04% from the stock’s previous close.

Other analysts have also issued reports about the stock. Raymond James lowered their target price on shares of Delta Air Lines from $58.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Monday, November 29th. The Goldman Sachs Group lowered their price objective on shares of Delta Air Lines from $47.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, December 17th. UBS Group raised shares of Delta Air Lines to a “buy” rating in a research note on Friday, January 7th. Susquehanna raised shares of Delta Air Lines from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $45.00 to $50.00 in a research note on Thursday. Finally, Wolfe Research raised shares of Delta Air Lines from a “peer perform” rating to an “outperform” rating in a research note on Friday, November 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $51.71.

NYSE DAL opened at $40.31 on Thursday. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of -310.05 and a beta of 1.29. Delta Air Lines has a 52 week low of $33.40 and a 52 week high of $52.28. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 9.79. The company has a fifty day moving average of $39.32 and a two-hundred day moving average of $40.49.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, January 12th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.07. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.29 billion. Delta Air Lines had a negative net margin of 0.28% and a negative return on equity of 294.36%. The business’s revenue was up 138.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.53) earnings per share. Equities research analysts anticipate that Delta Air Lines will post -4.18 EPS for the current year.

In related news, Director David S. Taylor acquired 6,000 shares of the business’s stock in a transaction dated Tuesday, November 30th. The shares were purchased at an average price of $35.59 per share, for a total transaction of $213,540.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.63% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. boosted its position in Delta Air Lines by 13.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 126,157 shares of the transportation company’s stock valued at $4,930,000 after buying an additional 15,059 shares during the last quarter. Spire Wealth Management boosted its position in Delta Air Lines by 20.7% in the fourth quarter. Spire Wealth Management now owns 37,230 shares of the transportation company’s stock valued at $1,455,000 after buying an additional 6,396 shares during the last quarter. HighTower Trust Services LTA purchased a new stake in Delta Air Lines in the fourth quarter valued at approximately $281,000. Louisiana State Employees Retirement System boosted its position in Delta Air Lines by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 40,100 shares of the transportation company’s stock valued at $1,567,000 after buying an additional 300 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in Delta Air Lines by 32.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 13,381 shares of the transportation company’s stock valued at $523,000 after buying an additional 3,264 shares during the last quarter. Hedge funds and other institutional investors own 63.36% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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