Analysts Set Delta Air Lines, Inc. (DAL) Price Target at $69.45

Delta Air Lines, Inc. (NYSE:DAL) has been given an average recommendation of “Buy” by the twenty-one research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $69.45.

Several research firms have recently weighed in on DAL. Zacks Investment Research cut Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Imperial Capital reduced their price objective on Delta Air Lines from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Saturday, June 9th. Deutsche Bank reduced their price objective on Delta Air Lines from $73.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, June 7th. Buckingham Research reduced their price objective on Delta Air Lines from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, June 7th. Finally, Citigroup reduced their price objective on Delta Air Lines from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, June 7th.

Shares of DAL traded up $0.30 during mid-day trading on Monday, hitting $54.95. The company’s stock had a trading volume of 225,990 shares, compared to its average volume of 7,700,446. Delta Air Lines has a one year low of $44.59 and a one year high of $60.79. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $38.50 billion, a price-to-earnings ratio of 11.14 and a beta of 1.09.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 12th. The transportation company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the business earned $0.77 earnings per share. Delta Air Lines’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities analysts predict that Delta Air Lines will post 5.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were given a $0.305 dividend. The ex-dividend date was Thursday, May 10th. This represents a $1.22 annualized dividend and a yield of 2.22%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.75%.

In related news, EVP Joanne D. Smith sold 12,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $54.50, for a total value of $654,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Sear sold 10,247 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $54.35, for a total value of $556,924.45. Following the completion of the transaction, the insider now directly owns 59,494 shares of the company’s stock, valued at $3,233,498.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,497 shares of company stock valued at $3,543,174. 0.33% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners lifted its holdings in shares of Delta Air Lines by 39.0% during the first quarter. Boston Partners now owns 11,791,533 shares of the transportation company’s stock valued at $646,294,000 after acquiring an additional 3,306,568 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Delta Air Lines by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock valued at $564,870,000 after acquiring an additional 956,945 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Delta Air Lines by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,801,731 shares of the transportation company’s stock valued at $427,613,000 after acquiring an additional 22,535 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Delta Air Lines by 3.4% during the first quarter. Neuberger Berman Group LLC now owns 7,223,675 shares of the transportation company’s stock valued at $395,930,000 after acquiring an additional 236,108 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Delta Air Lines by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 6,454,092 shares of the transportation company’s stock valued at $360,748,000 after acquiring an additional 201,722 shares during the period. 86.41% 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 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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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