Delta Air Lines, Inc. (DAL) Receives Consensus Recommendation of “Buy” from Analysts
Delta Air Lines, Inc. (NYSE:DAL) has received an average rating of “Buy” from the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $54.33.
A number of brokerages recently weighed in on DAL. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 target price for the company. in a research note on Thursday, June 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Delta Air Lines in a research note on Monday, March 6th. Evercore ISI raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $56.00 target price for the company in a research note on Thursday, March 16th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $52.00 target price (up from $44.00) on shares of Delta Air Lines in a research note on Friday, March 3rd.
In other news, EVP Joanne D. Smith sold 4,475 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $49.32, for a total value of $220,707.00. Following the sale, the executive vice president now directly owns 85,398 shares of the company’s stock, valued at approximately $4,211,829.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO W Gilbert West sold 26,131 shares of the company’s stock in a transaction dated 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 sale, 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 90 days, insiders have bought 427,665 shares of company stock valued at $283,700 and have sold 55,606 shares valued at $2,753,289. Corporate insiders own 0.75% of the company’s stock.
Several large investors have recently modified their holdings of DAL. FNY Managed Accounts LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth about $100,000. Tompkins Financial Corp purchased a new stake in shares of Delta Air Lines during the first quarter worth about $107,000. TrimTabs Asset Management LLC boosted its stake in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth about $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after buying an additional 793 shares during the last quarter. 86.82% of the stock is currently owned by institutional investors.
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Shares of Delta Air Lines (DAL) opened at 52.92 on Monday. The stock has a market capitalization of $38.53 billion, a price-to-earnings ratio of 9.76 and a beta of 1.13. Delta Air Lines has a one year low of $32.60 and a one year high of $53.57. The company’s 50 day moving average price is $50.11 and its 200 day moving average price is $48.83.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 10.19% and a return on equity of 28.67%. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. On average, analysts expect that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were paid a dividend of $0.2025 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.53%. Delta Air Lines’s dividend payout ratio is 15.06%.
About Delta Air Lines
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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