Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “in-line” rating reaffirmed by Imperial Capital in a report released on Friday. They currently have a $52.00 price target on the transportation company’s stock. Imperial Capital’s price objective would indicate a potential upside of 9.11% from the company’s current price.
A number of other analysts have also recently issued reports on the company. Vetr raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $50.64 price objective for the company in a research report on Monday, March 13th. Cowen and Company reissued an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Monday, March 6th. Zacks Investment Research cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Morgan Stanley reissued an “overweight” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Wednesday, February 22nd. Finally, Evercore ISI raised Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $56.00 price objective for the company in a research report on Thursday, March 16th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $53.26.
Delta Air Lines (NYSE:DAL) traded up 1.626% during trading on Friday, reaching $48.435. The company had a trading volume of 2,124,963 shares. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $52.76. The company has a 50-day moving average price of $46.71 and a 200 day moving average price of $48.08. The stock has a market cap of $35.26 billion, a PE ratio of 8.933 and a beta of 0.75.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 12th. The transportation company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.14 billion. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. Delta Air Lines’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. On average, analysts anticipate that Delta Air Lines will post $5.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be paid a $0.2025 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.70%. Delta Air Lines’s payout ratio is presently 14.04%.
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In other news, Director Francis S. Blake purchased 5,665 shares of the stock in a transaction that occurred on Monday, April 17th. The shares were purchased at an average cost of $44.12 per share, for a total transaction of $249,939.80. Following the completion of the purchase, the director now directly owns 24,187 shares of the company’s stock, valued at approximately $1,067,130.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 4,475 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $49.32, for a total value of $220,707.00. Following the transaction, the executive vice president now owns 85,398 shares in the company, valued at $4,211,829.36. The disclosure for this sale can be found here. Insiders bought 274,165 shares of company stock worth $271,620 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of DAL. Wetherby Asset Management Inc. raised its position in shares of Delta Air Lines by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 6,020 shares of the transportation company’s stock valued at $277,000 after buying an additional 49 shares in the last quarter. Independent Advisor Alliance raised its position in shares of Delta Air Lines by 0.8% in the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock valued at $372,000 after buying an additional 64 shares in the last quarter. Fishman Jay A Ltd. MI raised its position in shares of Delta Air Lines by 0.3% in the third quarter. Fishman Jay A Ltd. MI now owns 22,978 shares of the transportation company’s stock valued at $904,000 after buying an additional 78 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Delta Air Lines by 1.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,379 shares of the transportation company’s stock valued at $314,000 after buying an additional 91 shares in the last quarter. Finally, M Holdings Securities Inc. raised its position in shares of Delta Air Lines by 1.4% in the fourth quarter. M Holdings Securities Inc. now owns 7,718 shares of the transportation company’s stock valued at $380,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 79.44% 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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