Delta Air Lines, Inc. (DAL) Receives Average Rating of “Buy” from Analysts
Delta Air Lines, Inc. (NYSE:DAL) has been given an average recommendation of “Buy” by the twenty-two brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, seventeen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $61.72.
A number of research analysts have issued reports on the company. Cowen and Company lifted their price objective on Delta Air Lines from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Evercore ISI restated an “outperform” rating and issued a $66.00 target price on shares of Delta Air Lines in a research note on Friday, July 14th. ValuEngine lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Imperial Capital upped their target price on shares of Delta Air Lines from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $62.00 target price (down previously from $63.00) on shares of Delta Air Lines in a research report on Friday, July 14th.
Delta Air Lines (NYSE:DAL) opened at 51.25 on Wednesday. The company has a market cap of $37.31 billion, a price-to-earnings ratio of 10.16 and a beta of 1.24. Delta Air Lines has a 52-week low of $37.91 and a 52-week high of $55.75. The stock’s 50 day moving average is $47.87 and its 200 day moving average is $49.18.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.02). The company had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. Delta Air Lines’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 EPS. On average, analysts predict that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is 24.25%.
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In related news, President Glen W. Hauenstein sold 67,000 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.15, for a total value of $3,695,050.00. Following the completion of the sale, the president now owns 239,418 shares in the company, valued at $13,203,902.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the company’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 completion of the sale, 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 quarter, insiders have bought 141,000 shares of company stock valued at $283,440 and have sold 75,700 shares valued at $4,171,150. 0.37% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Roundview Capital LLC increased its stake in shares of Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 15 shares during the last quarter. Patten Group Inc. raised its position in shares of Delta Air Lines by 0.3% in the 1st quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after acquiring an additional 30 shares during the period. Traynor Capital Management Inc. raised its position in shares of Delta Air Lines by 1.2% in the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after acquiring an additional 58 shares during the period. Independent Advisor Alliance raised its position in shares of Delta Air Lines by 0.8% in the 1st quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock valued at $372,000 after acquiring an additional 64 shares during the period. Finally, MUFG Securities EMEA plc boosted its stake in Delta Air Lines by 1.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 86.26% of the company’s stock.
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.
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