Delta Air Lines, Inc. (DAL) Given Buy Rating at Stifel Nicolaus
Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a research report issued on Friday.
A number of other brokerages have also recently issued reports on DAL. Cowen and Company reissued an “outperform” rating and set a $58.00 price target on shares of Delta Air Lines in a research report on Monday, April 17th. Citigroup Inc boosted their price target on Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Vetr lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price target on the stock. in a research report on Tuesday, May 2nd. Imperial Capital reissued an “in-line” rating on shares of Delta Air Lines in a research report on Friday, March 17th. Finally, Deutsche Bank AG boosted their price target on Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and an average target price of $53.26.
Shares of Delta Air Lines (NYSE:DAL) traded up 0.79% during mid-day trading on Friday, hitting $50.80. 5,778,533 shares of the stock traded hands. Delta Air Lines has a one year low of $32.60 and a one year high of $52.76. The company has a market cap of $36.98 billion, a P/E ratio of 9.37 and a beta of 0.75. The stock has a 50 day moving average price of $47.32 and a 200-day moving average price of $48.38. Delta Air Lines also was the target of unusually large options trading on Friday. Stock investors purchased 17,200 put options on the company. This represents an increase of approximately 162% compared to the typical volume of 6,564 put options.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts forecast that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, May 17th. Delta Air Lines’s payout ratio is 14.04%.
In related news, CFO Paul A. Jacobson sold 20,100 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $50.09, for a total transaction of $1,006,809.00. Following the sale, the chief financial officer now directly owns 386,070 shares of the company’s stock, valued at approximately $19,338,246.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Francis S. Blake purchased 5,665 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The shares were purchased at an average cost of $44.12 per share, for a total transaction of $249,939.80. Following the completion of the transaction, the director now owns 24,187 shares in the company, valued at approximately $1,067,130.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 251,165 shares of company stock worth $269,580 and sold 49,575 shares worth $2,441,266. Corporate insiders own 0.75% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Marianas Fund Management LLC purchased a new stake in Delta Air Lines during the first quarter valued at about $6,223,000. Achmea Investment Management B.V. purchased a new stake in Delta Air Lines during the first quarter valued at about $6,311,000. Lowe Brockenbrough & Co. Inc. raised its stake in Delta Air Lines by 2.5% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 96,405 shares of the transportation company’s stock valued at $4,431,000 after buying an additional 2,330 shares in the last quarter. Northern Oak Wealth Management Inc. purchased a new stake in Delta Air Lines during the first quarter valued at about $3,641,000. Finally, Point72 Asset Management L.P. raised its stake in Delta Air Lines by 7.2% in the first quarter. Point72 Asset Management L.P. now owns 1,136,900 shares of the transportation company’s stock valued at $52,252,000 after buying an additional 76,700 shares in the last quarter. 79.44% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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