Delta Air Lines (NYSE:DAL) Given New $100.00 Price Target at Susquehanna

Delta Air Lines (NYSE:DAL) had its price objective reduced by equities researchers at Susquehanna from $105.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 19.59% from the stock’s current price.

Several other analysts also recently weighed in on DAL. JPMorgan Chase & Co. boosted their target price on Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Wells Fargo & Company cut their price target on Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday. TD Cowen reduced their price objective on Delta Air Lines from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Friday. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Bank of America lifted their target price on shares of Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Twenty-three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.93.

Delta Air Lines Stock Up 0.6%

DAL stock opened at $83.62 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. Delta Air Lines has a twelve month low of $55.03 and a twelve month high of $95.68. The company’s 50 day moving average is $83.81 and its two-hundred day moving average is $79.57. The stock has a market cap of $54.99 billion, a P/E ratio of 13.87, a PEG ratio of 1.20 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the prior year, the business posted $2.10 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Research analysts expect that Delta Air Lines will post 5.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Steven M. Sear sold 40,460 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $93.55, for a total value of $3,785,033.00. Following the sale, the executive vice president owned 104,404 shares of the company’s stock, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 206,510 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total value of $19,164,128.00. Following the sale, the chief executive officer directly owned 1,363,448 shares in the company, valued at approximately $126,527,974.40. The trade was a 13.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,726 shares of company stock valued at $33,081,037 in the last 90 days. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delta Air Lines

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Delta Air Lines during the second quarter worth approximately $1,182,646,000. Pacer Advisors Inc. raised its holdings in Delta Air Lines by 1,579.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock valued at $185,534,000 after acquiring an additional 2,514,193 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Delta Air Lines during the 2nd quarter worth $160,265,000. Allianz Asset Management GmbH lifted its stake in shares of Delta Air Lines by 55.0% during the 4th quarter. Allianz Asset Management GmbH now owns 4,327,719 shares of the transportation company’s stock worth $300,344,000 after purchasing an additional 1,536,138 shares during the period. Finally, River Road Asset Management LLC boosted its holdings in shares of Delta Air Lines by 339.5% during the fourth quarter. River Road Asset Management LLC now owns 1,288,956 shares of the transportation company’s stock worth $89,454,000 after purchasing an additional 995,685 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines News Roundup

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Analysts expect third-quarter revenue of roughly $17.6 billion and earnings per share near $1.90, while some forecasts suggest that lower fuel prices could support profitability. UBS maintains a Buy rating and a $105 price target. Delta Air Lines earnings expectations
• Positive Sentiment: Retail investors have increased their interest in DAL ahead of earnings, with the stock reported to be up about 21% over the referenced period. Strong leisure demand and expected revenue growth are supporting the bullish case. Retail investor interest in Delta
• Positive Sentiment: Delta plans to add twice-daily nonstop service between Salt Lake City and Flagstaff in 2027, expanding access to tourism destinations including Sedona and the Grand Canyon. Delta adds Salt Lake City-Flagstaff service
• Neutral Sentiment: Options markets imply a sizable post-earnings move of approximately 6.4%, reflecting elevated uncertainty rather than a clear directional signal. Delta options signal expected move
• Neutral Sentiment: Delta CEO Ed Bastian said the Iran war is increasing costs for customers, highlighting the potential for higher fares but also the risk of weaker consumer demand. Delta CEO discusses Iran war impact
• Negative Sentiment: Fuel costs are reported to be about 40% higher year over year, while refinery-related expenses and other operating costs could pressure margins despite healthy demand. Delta fuel cost pressures
• Negative Sentiment: UBS says Delta faces a high bar for fourth-quarter revenue guidance, and investors may react negatively if management cuts earnings expectations without providing stronger sales growth. Bank of America also trimmed its price target. UBS Delta earnings outlook

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger and air freight transportation. The company serves destinations throughout the United States and connects customers to international markets across Europe, Asia, Latin America, Canada, Africa and the Caribbean through its own operations and regional airline partners.

Delta offers multiple classes of passenger service, including premium cabins and its main cabin, along with travel-related products such as vacation packages and loyalty benefits through the SkyMiles program.