Delta Air Lines, Inc. (DAL) Upgraded to Strong-Buy at ValuEngine
Delta Air Lines, Inc. (NYSE:DAL) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.
A number of other equities research analysts have also issued reports on the stock. Atlantic Securities assumed coverage on shares of Delta Air Lines in a report on Tuesday. They set an “overweight” rating and a $68.00 target price on the stock. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 target price on the stock. in a report on Thursday, June 1st. Stifel Nicolaus reiterated a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. Imperial Capital reiterated an “in-line” rating and set a $52.00 target price on shares of Delta Air Lines in a report on Friday, May 19th. Finally, Citigroup Inc. increased their target price on shares of Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.26.
Shares of Delta Air Lines (NYSE:DAL) traded down 1.43% during trading on Tuesday, reaching $51.76. 7,050,074 shares of the company traded hands. The company has a market capitalization of $37.68 billion, a price-to-earnings ratio of 9.55 and a beta of 1.13. The firm’s 50 day moving average price is $50.11 and its 200-day moving average price is $48.83. Delta Air Lines has a 52 week low of $32.60 and a 52 week high of $53.57.
Delta Air Lines (NYSE:DAL) last released 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. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. Delta Air Lines had a net margin of 10.19% and a return on equity of 28.67%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. Equities analysts anticipate that Delta Air Lines will post $5.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were given a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, May 17th. Delta Air Lines’s dividend payout ratio (DPR) is 15.06%.
In related news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $48.55, for a total value of $1,213,750.00. Following the transaction, the chief executive officer now directly owns 285,508 shares of the company’s stock, valued at approximately $13,861,413.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO W Gilbert West sold 26,131 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the completion of the transaction, the chief operating officer now directly owns 89,232 shares in the company, valued at $4,503,539.04. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 432,665 shares of company stock worth $284,100 and sold 55,606 shares worth $2,753,289. Company insiders own 0.75% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new position in Delta Air Lines during the fourth quarter worth approximately $530,000. Harvest Fund Management Co. Ltd bought a new position in Delta Air Lines during the fourth quarter worth approximately $155,000. Impala Asset Management LLC increased its position in Delta Air Lines by 163.7% in the fourth quarter. Impala Asset Management LLC now owns 473,867 shares of the transportation company’s stock worth $23,310,000 after buying an additional 294,148 shares during the period. Telemark Asset Management LLC bought a new position in Delta Air Lines during the fourth quarter worth approximately $7,379,000. Finally, Sii Investments Inc. WI increased its position in Delta Air Lines by 34.8% in the fourth quarter. Sii Investments Inc. WI now owns 8,090 shares of the transportation company’s stock worth $400,000 after buying an additional 2,090 shares during the period. 86.82% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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