Delta Air Lines (NYSE:DAL) Price Target Raised to $105.00 at BMO Capital Markets

Delta Air Lines (NYSE:DAL) had its price objective upped by equities researchers at BMO Capital Markets from $80.00 to $105.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 13.02% from the stock’s current price.

A number of other research firms also recently commented on DAL. Rothschild & Co Redburn reduced their price objective on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Susquehanna lowered their target price on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. Evercore increased their price target on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. TD Cowen raised their price target on shares of Delta Air Lines from $92.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup lifted their price objective on Delta Air Lines from $79.00 to $106.00 and gave the company a “buy” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.93.

Delta Air Lines Stock Performance

Shares of NYSE:DAL traded down $0.16 during trading on Thursday, hitting $92.90. 2,751,402 shares of the stock were exchanged, compared to its average volume of 9,820,682. The company has a market capitalization of $61.03 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. Delta Air Lines has a 1-year low of $49.19 and a 1-year high of $95.68. The company’s fifty day simple moving average is $78.06 and its 200-day simple moving average is $71.60.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same period last year, the business earned $0.46 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Delta Air Lines will post 5.36 EPS for the current fiscal year.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares in the company, valued at $10,574,466. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the sale, the executive vice president directly owned 54,369 shares in the company, valued at $3,893,364.09. This represents a 21.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 149,635 shares of company stock valued at $10,833,855. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Capital International Investors increased its holdings in 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 valued at $1,680,249,000 after purchasing an additional 1,012,265 shares in the last quarter. State Street Corp increased its stake in shares of Delta Air Lines by 0.7% in the fourth quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock valued at $1,607,557,000 after buying an additional 165,729 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 1.2% in the fourth 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 raised its holdings in shares of Delta Air Lines by 137.4% in the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock valued at $958,538,000 after buying an additional 7,994,004 shares during the last quarter. Finally, Morgan Stanley lifted its position 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 worth $854,370,000 after buying an additional 56,455 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines News Summary

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

• Positive Sentiment: Bank of America lifted its price target on Delta Air Lines to $100 from $93 and kept a buy rating, signaling confidence in the airline’s earnings outlook and valuation. Benzinga report on the price target increase
• Positive Sentiment: Analysts said higher airfares have held up after spring price hikes, with strong demand and lower fuel prices seen as key supports ahead of second-quarter results. Benzinga analyst commentary
• Positive Sentiment: Multiple articles highlight Delta as a fundamentally strong long-term airline, including its push for leadership in the trans-Pacific market and broader global route expansion. Yahoo Finance article on Delta fundamentals
• Neutral Sentiment: Investors are focused on Delta’s Q2 earnings report due July 10, with current headlines mainly framing expectations rather than delivering a new earnings surprise. TipRanks earnings preview

About Delta Air Lines

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.