Shares of Delta Air Lines, Inc. (NYSE:DAL) have received an average recommendation of “Buy” from the twenty analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $68.92.
DAL has been the topic of a number of analyst reports. Stephens reissued a “buy” rating and set a $68.00 target price on shares of Delta Air Lines in a report on Monday, October 1st. Morgan Stanley set a $65.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Friday, October 5th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Citigroup lowered their target price on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, October 3rd. Finally, Buckingham Research boosted their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 7th.
Delta Air Lines stock opened at $60.71 on Monday. Delta Air Lines has a 12 month low of $48.52 and a 12 month high of $61.32. The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $41.62 billion, a P/E ratio of 12.31, a PEG ratio of 0.70 and a beta of 0.93.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The business had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.96 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. On average, analysts predict that Delta Air Lines will post 5.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.31%. Delta Air Lines’s payout ratio is currently 28.40%.
Institutional investors have recently added to or reduced their stakes in the company. Honkamp Krueger Financial Services Inc. bought a new position in shares of Delta Air Lines in the third quarter worth $116,000. Bell Rock Capital LLC bought a new position in shares of Delta Air Lines in the third quarter worth $122,000. Capital Advisors Ltd. LLC bought a new position in shares of Delta Air Lines in the third quarter worth $139,000. Point72 Hong Kong Ltd bought a new position in shares of Delta Air Lines in the second quarter worth $142,000. Finally, Truvestments Capital LLC bought a new position in shares of Delta Air Lines in the third quarter worth $143,000. 87.66% of the stock is currently owned by hedge funds and other institutional investors.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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