Stock Analysis:Delta Air Lines Inc (NYSE:DAL) Price Target Upgraded
In an analyst research report shared with investors by Evercore ISI on Friday morning, Delta Air Lines Inc (NYSE:DAL) had its target price per share increased to $68.00. The firm now has a solid “Buy” rating on shares.
From a total of 13 analysts covering Delta Air Lines (NYSE:DAL) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $74 while the lowest target price is $55. The mean of all analyst targets is $62.92 with a 20.64% above today’s ($49.99) stock price. Delta Air Lines was the topic of 9 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on October 21 with “Buy” rating. UBS maintained DAL stock in a recent report from August 3 with “Buy” rating.
The stock decreased 2.04% or $1.04 during the last trading session, striking $49.99. Approximately 15.71M shares of stock traded hands or 74.75% up from the average. Delta Air Lines, Inc. (NYSE:DAL) has risen 8.57% since May 15, 2015 and is uptrending. It has outperformed by 12.38% the S&P500.
The overall sentiment of institutions has increased to 0.94 in Q2 2015. Its up 0.05, from 0.89 in 2015Q2. The ratio is positive, as 78 institutions have sold all the shares of Delta Air Lines, Inc. that they owned while 304 funds have taken shares off the table. 92 funds have purchased shares for the first time while 266 added to their positions. These institutions now hold 682.13 million shares or 1.95% more than the 669.07 million shares they owned in 2015Q2.
The Fund D.C. Capital Advisors Ltd currently is holding shares equating to 22.8% of its total portfolio in Delta Air Lines, Inc. representing a total of 800,000 shares. Another fund,Cyrus Capital Partners L.P., is holding a total of 3.64 million shares equating to 17.41% of their holdings. Additionally, Karamaan Group Llc has a 324,178 share stake in Delta Air Lines, Inc. which represents 15.12% of their total portfolio. The Fund, Par Capital Management Inc, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 14.16% of their total portfolio. Finally Isf Management Llc, a fund which is based in the state of New York reported a total holdings of 174,622 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 24, 2015, shareholders of Delta Air Lines, Inc. have witnessed 0 insider buys, and a total of 13 sales equating to a net activity of approximately $12.78 million . Jacobson Paul A sold 7,000 shares worth approximately $358,470. Smith Joanne D sold 23,000 shares worth approximately $1.01 million. Bastian Edward H sold 20,000 shares worth approximately $871,820. Anderson Richard H sold 75,000 shares worth approximately $3.19 million. The company insider Hauenstein Glen W sold 20,000 shares worth $940,494.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $39.89 billion. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. It has 14.18 P/E ratio. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.
According to Zacks Investment Research, “Delta is America’s fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.”