Standpoint Research initiated coverage on shares of Delta Air Lines (NYSE: DAL)
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Delta Air Lines from $13.00 to $17.00 in a research note to investors on Thursday, January 17th. They now have an ?overweight? rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Delta Air Lines from a ?sell? rating to a ?buy? rating in a research note to investors on Thursday, January 10th. They now have a $15.90 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of Delta Air Lines from $19.00 to $18.00 in a research note to investors on Tuesday, December 18th. They now have an ?outperform? rating on the stock. Fourteen investment analysts have rated the stock with a buy rating, two have issued an overweight rating, and two have issued a hold rating to the company. The stock currently has an average rating of ?buy? and a consensus price target of $16.66.
Delta Air Lines traded up 0.69% on Thursday, hitting $13.875. Delta Air Lines has a 1-year low of $8.42 and a 1-year high of $14.15. The stock?s 50-day moving average is currently $12.13. The company has a market cap of $11.738 billion and a price-to-earnings ratio of 8.20.
Delta Air Lines last announced its earnings results on Tuesday, January 22nd. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company?s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $2.57 earnings per share for the current fiscal year.
Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States, and around the world.