Shares of Delta Air Lines, Inc. (NYSE:DAL) have earned an average recommendation of “Buy” from the twenty research firms that are presently covering the firm. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.94.
A number of analysts have commented on the company. Imperial Capital reaffirmed an “in-line” rating and set a $52.00 price target on shares of Delta Air Lines in a research report on Friday, December 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a research report on Saturday, January 7th. Vetr raised Delta Air Lines from a “sell” rating to a “hold” rating and set a $48.28 price target for the company in a research report on Tuesday, December 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $57.00 price target (up previously from $44.00) on shares of Delta Air Lines in a research report on Wednesday, December 21st. Finally, Cowen and Company lifted their price target on Delta Air Lines from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th.
Shares of Delta Air Lines (NYSE:DAL) opened at 49.26 on Thursday. The firm has a 50-day moving average price of $49.46 and a 200-day moving average price of $43.60. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.76. The stock has a market cap of $36.06 billion, a PE ratio of 8.51 and a beta of 0.75.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 12th. The company reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the previous year, the business earned $1.18 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that Delta Air Lines will post $5.31 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 24th will be given a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.64%. Delta Air Lines’s dividend payout ratio (DPR) is presently 14.04%.
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In other news, insider Steven M. Sear sold 4,671 shares of the company’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $49.50, for a total value of $231,214.50. Following the completion of the sale, the insider now directly owns 52,174 shares in the company, valued at $2,582,613. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shirley C. Franklin sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $50.32, for a total value of $352,240.00. Following the completion of the sale, the director now owns 36,760 shares of the company’s stock, valued at $1,849,763.20. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 21,000 shares of company stock valued at $50,840 and sold 136,641 shares valued at $6,859,083. 0.75% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Huntington National Bank raised its stake in Delta Air Lines by 0.4% in the second quarter. Huntington National Bank now owns 5,500 shares of the company’s stock worth $200,000 after buying an additional 21 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Delta Air Lines during the second quarter worth approximately $567,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in Delta Air Lines by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,945 shares of the company’s stock worth $690,000 after buying an additional 79 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Delta Air Lines by 16.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,036 shares of the company’s stock worth $1,021,000 after buying an additional 3,874 shares in the last quarter. Finally, Boston Private Wealth LLC acquired a new position in Delta Air Lines during the second quarter worth approximately $942,000. Institutional investors and hedge funds own 82.14% of the company’s stock.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.
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