Delta Air Lines, Inc. (DAL) Receives Consensus Recommendation of “Buy” from Brokerages

Delta Air Lines, Inc. (NYSE:DAL) has received a consensus recommendation of “Buy” from the twenty ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $65.75.

Several analysts recently weighed in on DAL shares. Imperial Capital raised Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Thursday, October 12th. Cowen boosted their price objective on Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. boosted their price objective on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Vetr lowered Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 price objective for the company. in a report on Monday, November 13th.

Shares of Delta Air Lines (NYSE:DAL) opened at $52.52 on Tuesday. Delta Air Lines has a 52-week low of $43.81 and a 52-week high of $60.79. The stock has a market capitalization of $37,450.00, a PE ratio of 10.63, a PEG ratio of 0.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. Delta Air Lines’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. research analysts predict that Delta Air Lines will post 6.46 EPS for the current year.

In other Delta Air Lines news, CFO Paul A. Jacobson sold 49,362 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $60.20, for a total value of $2,971,592.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter W. Carter sold 19,809 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the transaction, the executive vice president now owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 363,447 shares of company stock valued at $20,591,693. 0.37% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DAL. Baker Ellis Asset Management LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $106,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Delta Air Lines during the second quarter worth approximately $114,000. SeaCrest Wealth Management LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $121,000. BB&T Investment Services Inc. acquired a new position in shares of Delta Air Lines during the second quarter worth approximately $128,000. Finally, Advisory Services Network LLC boosted its position in shares of Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 85.09% of the company’s stock.

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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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