Shares of Delta Air Lines, Inc. (NYSE:DAL) have earned a consensus rating of “Buy” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $61.28.

Several research firms have weighed in on DAL. Bank of America Corporation lifted their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Cowen and Company reiterated an “outperform” rating and set a $58.00 price objective on shares of Delta Air Lines in a research report on Monday, April 17th. Stifel Nicolaus reiterated a “buy” rating on shares of Delta Air Lines in a research report on Friday, May 26th. Sanford C. Bernstein reiterated an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Thursday, July 13th. Finally, ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd.

Delta Air Lines (DAL) opened at 50.07 on Tuesday. The firm’s 50 day moving average price is $52.32 and its 200-day moving average price is $49.45. Delta Air Lines has a 52 week low of $35.90 and a 52 week high of $55.75. The stock has a market cap of $36.45 billion, a price-to-earnings ratio of 9.92 and a beta of 1.20.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Delta Air Lines will post $5.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.44%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is presently 16.10%.

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In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.26, for a total value of $276,300.00. Following the transaction, the vice president now directly owns 7,437 shares in the company, valued at $410,968.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the transaction, the executive vice president now owns 77,223 shares in the company, valued at $4,170,042. The disclosure for this sale can be found here. In the last three months, insiders purchased 384,000 shares of company stock worth $30,720 and sold 126,831 shares worth $6,703,732. Insiders own 0.37% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Simmons Bank bought a new position in shares of Delta Air Lines during the second quarter worth about $230,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Delta Air Lines by 12,457.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 175,799 shares of the transportation company’s stock worth $9,448,000 after buying an additional 174,399 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Delta Air Lines by 5.4% in the second quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock worth $316,000 after buying an additional 302 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Delta Air Lines by 205.4% in the second quarter. Cubist Systematic Strategies LLC now owns 68,825 shares of the transportation company’s stock worth $3,699,000 after buying an additional 46,289 shares during the last quarter. Finally, PointState Capital LP bought a new position in shares of Delta Air Lines during the second quarter worth about $106,866,000. Hedge funds and other institutional investors own 87.88% of the company’s stock.

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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