Morgan Stanley analyst Rajeev Lalwani maintained a Hold rating on Delta Airlines (DAL) today and set a price target of $60.00. The company’s shares closed last Monday at $57.58.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.3% and a 61.7% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.
Currently, the analyst consensus on Delta Airlines is a Moderate Buy with an average price target of $65.36.
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Based on Delta Airlines’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $12.53 billion and net profit of $1.5 billion. In comparison, last year the company earned revenue of $11.95 billion and had a net profit of $1.31 billion.
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Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the following segments: Airline, Refinery. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.
