Delta Air Lines, Inc. (NYSE:DAL) was upgraded by research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a $56.00 price objective on the stock. Evercore ISI’s target price indicates a potential upside of 20.40% from the company’s previous close.
Several other brokerages have also recently issued reports on DAL. Cowen and Company increased their price target on shares of Delta Air Lines from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, December 9th. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Friday, December 9th. Morgan Stanley restated an “overweight” rating and set a $60.00 target price on shares of Delta Air Lines in a research note on Wednesday, February 22nd. Vetr upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating and set a $49.64 target price on the stock in a research note on Wednesday, December 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $57.00 target price (up from $44.00) on shares of Delta Air Lines in a research note on Wednesday, December 21st. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.66.
Delta Air Lines (NYSE:DAL) opened at 46.51 on Thursday. 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 $33.86 billion, a P/E ratio of 8.03 and a beta of 0.75. The stock has a 50 day moving average of $48.91 and a 200-day moving average of $45.73.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, January 12th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.40 billion. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. On average, equities analysts forecast that Delta Air Lines will post $5.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, February 24th were issued a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, February 22nd. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.04%.
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In other Delta Air Lines news, CFO Paul A. Jacobson sold 20,100 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $50.09, for a total value of $1,006,809.00. Following the completion of the sale, the chief financial officer now owns 386,070 shares of the company’s stock, valued at $19,338,246.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO W Gilbert West sold 15,600 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $51.29, for a total value of $800,124.00. Following the completion of the sale, the chief operating officer now directly owns 111,113 shares of the company’s stock, valued at approximately $5,698,985.77. The disclosure for this sale can be found here. In the last three months, insiders acquired 66,500 shares of company stock valued at $54,680 and sold 202,417 shares valued at $10,204,341. 0.75% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. increased its stake in Delta Air Lines by 4.0% in the third quarter. TD Asset Management Inc. now owns 385,383 shares of the company’s stock worth $15,169,000 after buying an additional 14,810 shares during the period. Virtus Investment Advisers Inc. purchased a new position in shares of Delta Air Lines during the third quarter worth $318,000. Rhumbline Advisers boosted its position in shares of Delta Air Lines by 3.8% in the third quarter. Rhumbline Advisers now owns 1,199,633 shares of the company’s stock worth $47,218,000 after buying an additional 44,121 shares in the last quarter. Hanlon Investment Management Inc. purchased a new position in shares of Delta Air Lines during the fourth quarter worth $2,816,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Delta Air Lines by 8.5% in the third quarter. Daiwa Securities Group Inc. now owns 155,061 shares of the company’s stock worth $6,103,000 after buying an additional 12,181 shares in the last quarter. 79.44% of the stock is owned by institutional investors.
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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