Delta Air Lines (NYSE: DAL) has recently received a number of price target changes and ratings updates:

  • 9/30/2017 – Delta Air Lines had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $62.00 price target on the stock, down previously from $65.00.
  • 9/28/2017 – Delta Air Lines had its price target lowered by analysts at Cowen and Company from $60.00 to $58.00. They now have an “outperform” rating on the stock.
  • 9/27/2017 – Delta Air Lines had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $63.00 price target on the stock, down previously from $67.00.
  • 9/25/2017 – Delta Air Lines is now covered by analysts at Macquarie. They set an “outperform” rating and a $61.00 price target on the stock.
  • 9/22/2017 – Delta Air Lines had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $75.00 price target on the stock, down previously from $80.00.
  • 9/20/2017 – Delta Air Lines was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Shares of Delta Air Lines have struggled so far this year due to multiple headwinds. Consequently, the stock has underperformed its industry on a year-to-date basis. The carrier trimmed its current-quarter views for passenger unit revenue and operating margin earlier in the month. High fuel costs and soft yields have been cited as the reasons for the dull view. Meanwhile, high labor costs have been hurting the company for quite some time and the third quarter is likely to be no different. In fact, the negative sentiment surrounding the stock can be gauged from the fact that the Zacks Consensus Estimate for its current-quarter earnings has declined 7.8%, over the last 30 days. We are, however, appreciative of the company's efforts to enhance its shareholders’ wealth through dividends and share buybacks.”
  • 9/12/2017 – Delta Air Lines had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 9/6/2017 – Delta Air Lines had its “hold” rating reaffirmed by analysts at Imperial Capital. They now have a $50.00 price target on the stock.
  • 9/6/2017 – Delta Air Lines had its price target lowered by analysts at Deutsche Bank AG from $62.00 to $59.00. They now have a “buy” rating on the stock.
  • 9/5/2017 – Delta Air Lines had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $60.00 price target on the stock.
  • 8/25/2017 – Delta Air Lines was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/21/2017 – Delta Air Lines was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “We are pleased with Delta’s performance with respect to Passenger revenue per available seat mile (PRASM: a key measure of unit revenue).The impressive performance is expected to continue. The metric is expected to increase in the band of of 2.5% to 4.5% (on a year-over-year basis) in the third quarter. We are also impressed by the company's efforts to reward its shareholders through dividends and buybacks. Efforts to reduce its debt levels also please us. However, high costs continue to hurt the bottom line. In fact, Delta underperformed in the second quarter mainly due to elevated costs. Labor costs have surged due to the various labor deals inked by the company. Consequently, shares of the company have underperformed its industry so far this year. High labor costs are likely to hurt the bottom line in the third quarter as well.”
  • 8/18/2017 – Delta Air Lines was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/17/2017 – Delta Air Lines had its price target lowered by analysts at Morgan Stanley from $62.00 to $59.00. They now have an “overweight” rating on the stock.
  • 8/16/2017 – Delta Air Lines was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/14/2017 – Delta Air Lines had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $66.00 price target on the stock.
  • 8/10/2017 – Delta Air Lines is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $70.00 price target on the stock.
  • 8/4/2017 – Delta Air Lines was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Delta Air Lines, Inc. (DAL) traded up 6.62% during midday trading on Tuesday, hitting $51.25. 16,064,938 shares of the stock traded hands. Delta Air Lines, Inc. has a one year low of $37.91 and a one year high of $55.75. The stock has a market cap of $37.31 billion, a price-to-earnings ratio of 10.16 and a beta of 1.25. The firm has a 50-day moving average price of $47.83 and a 200 day moving average price of $49.15.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were paid a dividend of $0.305 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.22 annualized dividend and a yield of 2.38%. Delta Air Lines’s dividend payout ratio is 24.25%.

In related news, Director George N. Mattson acquired 6,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the transaction, the director now directly owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Glen W. Hauenstein sold 67,000 shares of the business’s stock in a transaction that occurred 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 transaction, the president now owns 239,418 shares of the company’s stock, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 141,000 shares of company stock worth $283,440 and have sold 75,700 shares worth $4,171,150. 0.37% of the stock is owned by corporate insiders.

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.

Receive News & Ratings for Delta Air Lines Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines Inc and related companies with MarketBeat.com's FREE daily email newsletter.