Delta Air Lines (NYSE:DAL) Target Raised by Goldman Sachs Group Inc to $38.00

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Delta Air Lines stock has undergone multiple analysts rating changes in the recent past.  Delta Air Lines stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $38.00. The analysts previously had $33.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 41.21% from the stock’s previous close.

Shares of Delta Air Lines traded up $0.95 on Monday, reaching $27.86. 14360446 shares of the stock traded hands, compared to its average volume of 62349141. Shares of were trading at $27.86 on Monday. The firm’s 50 day moving average is $$25.85 and its 200 day moving average is $44.70.Delta Air Lines  has a 12 month low of $26.58 and a 12 month high of $63.44. While on yearly highs and lows, Delta Air Lines today has traded high as $28.03 and has touched $26.58 on the downward trend.

Delta Air Lines Earnings and What to expect: 

Delta Air Lines last issued its earnings results on April 22nd, 2020. The transportation company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.21. The company earned $8.59 billion during the quarter, compared to analysts’ expectations of $9.33 billion. Its revenue for the quarter was down 18.0% compared to the same quarter last year. Delta Air Lines has generated $7.31 earnings per share over the last year and currently has a price-to-earnings ratio of 5.0. Delta Air Lines has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, July 9th, 2020 based off prior year’s report dates.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.63%
  • On 5/4/2020 Director David S Taylor Buy 3,000 at average share price of $21.95 which equates to $65,850.00 in money value.
  • On 4/30/2020 EVP Rahul D. Samant Sell 7,475 at average price of  $26.72 with total value of : Not Data Available
  • On 4/23/2020 Director Jeanne P Jackson Buy 25,510 at average price of  $22.72 with total value of : $579,587.20
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Delta Air Lines

  • 6/24/2020 – Delta Air Lines was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $31.00 price target on the stock.
  • 6/15/2020 – Delta Air Lines had its price target raised by analysts at Citigroup Inc from $30.00 to $38.00. They now have a “buy” rating on the stock.
  • 6/12/2020 – Delta Air Lines had its “market perform” rating re-affirmed by analysts at Credit Suisse Group AG. They now have a $42.00 price target on the stock.
  • 6/1/2020 – Delta Air Lines was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Shopify had its price target raised by analysts at Goldman Sachs Group Inc from $786.00 to $1,127.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – SkyWest had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $53.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Spirit Airlines had its price target raised by analysts at Goldman Sachs Group Inc from $15.00 to $20.00. They now have a “conviction-buy” rating on the stock.
  • 6/29/2020 – JetBlue Airways had its price target raised by analysts at Goldman Sachs Group Inc from $12.00 to $17.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Delta Air Lines (NYSE:DAL) Moving Average Technical Analysis

5 day Moving Average is $$27.76 And 5 day price change is -$2.43 (-8.29%)  with average volume for 5 day average is 32,882,000. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $30.14 and 20 day price change is $0.71 (2.71%) and average 20 day moving volume is 61,172,727. 50 day moving average is $25.85  and 50 day price change is $2.61 ( 10.75%)  and with average volume for 50 days is : 59,234,875. 200 day moving average is $44.70  and 200 day price change is -$32.56 (-54.78%)  and with average volume for 200 days is : 27,068,467.

See More Analyst Rating at: RATING