Stifel Nicolaus Reiterates Buy Rating for Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a research report issued on Friday. They currently have a $80.00 target price on the transportation company’s stock, up from their prior target price of $75.00. Stifel Nicolaus’ price target suggests a potential upside of 48.26% from the stock’s current price.

Other analysts have also issued research reports about the company. Cowen and Company reissued an “outperform” rating and issued a $58.00 target price on shares of Delta Air Lines in a research report on Monday, April 17th. Bank of America Corporation boosted their target price on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $60.00 target price on shares of Delta Air Lines in a research report on Thursday, July 13th. Citigroup Inc boosted their target price on Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Finally, Evercore ISI reissued an “outperform” rating on shares of Delta Air Lines in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $59.41.

Delta Air Lines (DAL) traded down 1.24% on Friday, reaching $53.96. The company’s stock had a trading volume of 6,416,219 shares. Delta Air Lines has a 52 week low of $35.84 and a 52 week high of $55.75. The firm has a market capitalization of $39.28 billion, a price-to-earnings ratio of 10.70 and a beta of 1.22. The company has a 50 day moving average of $50.96 and a 200 day moving average of $48.99.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The business had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Delta Air Lines will post $5.12 earnings per share for the current year.

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In other news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the completion of the sale, the chief executive officer now owns 285,508 shares in the company, valued at $13,861,413.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $49.32, for a total transaction of $220,707.00. Following the sale, the executive vice president now owns 85,398 shares of the company’s stock, valued at approximately $4,211,829.36. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 448,000 shares of company stock valued at $35,840 and sold 55,606 shares valued at $2,753,289. Corporate insiders own 0.37% of the company’s stock.

Several large investors have recently made changes to their positions in DAL. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at $100,000. Tompkins Financial Corp purchased a new position in Delta Air Lines during the first quarter valued at about $107,000. TrimTabs Asset Management LLC boosted its position in Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares in the last quarter. Advisory Services Network LLC purchased a new position in Delta Air Lines during the first quarter valued at about $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares in the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.