After Stephens and Cowen & Co. gave Delta Airlines (NYSE: DAL) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Jose Caiado maintained a Buy rating on Delta Airlines yesterday and set a price target of $67. The company’s shares closed yesterday at $47.50, close to its 52-week low of $45.08.
According to TipRanks.com, Caiado is a 1-star analyst with an average return of -6.2% and a 16.7% success rate. Caiado covers the Services sector, focusing on stocks such as Southwest Airlines, American Airlines, and JetBlue Airways.
Currently, the analyst consensus on Delta Airlines is a Strong Buy with an average price target of $62.27, a 31.1% upside from current levels. In a report issued on January 3, Cowen & Co. also maintained a Buy rating on the stock with a $65 price target.
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Delta Airlines’ market cap is currently $32.79B and has a P/E ratio of 8.42. The company has a Price to Book ratio of 2.38.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DAL in relation to earlier this year. Most recently, in December 2018, Edward Bastian, the CEO of DAL sold 60,000 shares for a total of $3,000,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the folllowing segments: Airline, Refinery, and Intersegment Sales and Other. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.
