Somewhat Positive Media Coverage Somewhat Unlikely to Affect Delta Air Lines (DAL) Stock Price

Media coverage about Delta Air Lines (NYSE:DAL) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Delta Air Lines earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 47.0355285433218 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts have recently issued reports on the company. Imperial Capital reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Delta Air Lines in a research note on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $75.00 price objective (down previously from $80.00) on shares of Delta Air Lines in a research note on Friday, September 22nd. Stephens set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Cowen upped their price objective on Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $63.83.

Delta Air Lines (DAL) traded down $0.31 during trading on Thursday, hitting $56.12. The company’s stock had a trading volume of 3,766,400 shares, compared to its average volume of 7,758,775. The company has a market cap of $39,947.88, a PE ratio of 11.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. Delta Air Lines has a 52-week low of $43.81 and a 52-week high of $56.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a return on equity of 34.39% and a net margin of 10.65%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 EPS. sell-side analysts expect that Delta Air Lines will post 4.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, November 16th. Delta Air Lines’s payout ratio is 24.50%.

In related news, insider Steven M. Sear sold 6,898 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 73,211 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the transaction, the chief executive officer now owns 338,719 shares in the company, valued at $18,981,812.76. The disclosure for this sale can be found here. Insiders have sold a total of 399,198 shares of company stock worth $21,604,025 over the last 90 days. Company insiders own 0.37% 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.

Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

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