Shares of Delta Air Lines, Inc. (NYSE:DAL) have earned an average rating of “Buy” from the twenty analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $61.96.

A number of analysts have recently weighed in on DAL shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Zacks Investment Research lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 21st. Imperial Capital reaffirmed a “hold” rating and set a $50.00 price objective on shares of Delta Air Lines in a research report on Wednesday. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective on the stock in a research report on Tuesday, July 25th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday.

In other Delta Air Lines news, President Glen W. Hauenstein sold 67,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.15, for a total value of $3,695,050.00. Following the completion of the transaction, the president now owns 239,418 shares in the company, valued at $13,203,902.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the transaction, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 335,000 shares of company stock valued at $298,960 and sold 75,700 shares valued at $4,171,150. Corporate insiders own 0.37% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Delta Air Lines by 57.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after acquiring an additional 42,150 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in Delta Air Lines by 78.0% in the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after acquiring an additional 312,863 shares in the last quarter. US Bancorp DE boosted its stake in Delta Air Lines by 15.1% in the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock valued at $74,262,000 after acquiring an additional 181,027 shares in the last quarter. Hosking Partners LLP boosted its stake in Delta Air Lines by 10.0% in the first quarter. Hosking Partners LLP now owns 1,861,777 shares of the transportation company’s stock valued at $85,567,000 after acquiring an additional 169,097 shares in the last quarter. Finally, Quantitative Investment Management LLC boosted its stake in Delta Air Lines by 2.5% in the first quarter. Quantitative Investment Management LLC now owns 100,800 shares of the transportation company’s stock valued at $4,632,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors own 86.49% of the company’s stock.

Shares of Delta Air Lines (NYSE DAL) opened at 47.45 on Friday. The firm’s 50-day moving average price is $48.78 and its 200 day moving average price is $49.23. Delta Air Lines has a 12 month low of $36.59 and a 12 month high of $55.75. The company has a market cap of $34.54 billion, a PE ratio of 9.41 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. Equities research analysts anticipate that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Monday, August 21st. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio is currently 24.25%.

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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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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