Delta Air Lines, Inc. (NYSE:DAL) Receives $68.33 Average PT from Analysts

Delta Air Lines, Inc. (NYSE:DAL) has earned an average rating of “Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $68.33.

Several research analysts recently commented on the company. ValuEngine lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Raymond James lifted their price target on Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Stephens reiterated an “overweight” rating and issued a $70.00 price target on shares of Delta Air Lines in a research report on Wednesday, July 3rd. Wolfe Research set a $69.00 price target on Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Morgan Stanley lifted their price target on Delta Air Lines from $61.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12th.

In other Delta Air Lines news, insider Steven M. Sear sold 8,993 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the completion of the transaction, the insider now owns 76,150 shares in the company, valued at $4,056,510.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Glen W. Hauenstein sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $63.03, for a total value of $3,151,500.00. Following the transaction, the president now owns 267,526 shares of the company’s stock, valued at approximately $16,862,163.78. The disclosure for this sale can be found here. Insiders have sold 93,288 shares of company stock valued at $5,753,311 in the last 90 days. Company insiders own 0.47% of the company’s stock.

Several large investors have recently made changes to their positions in DAL. Nuveen Asset Management LLC boosted its position in shares of Delta Air Lines by 3,507.5% during the second quarter. Nuveen Asset Management LLC now owns 3,338,652 shares of the transportation company’s stock valued at $189,469,000 after buying an additional 3,246,105 shares during the period. Boston Partners raised its stake in shares of Delta Air Lines by 24.1% during the first quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock valued at $709,200,000 after acquiring an additional 2,669,765 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Delta Air Lines by 207.3% during the second quarter. AQR Capital Management LLC now owns 2,075,433 shares of the transportation company’s stock valued at $117,781,000 after acquiring an additional 1,400,082 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $56,756,000. Finally, Holocene Advisors LP raised its stake in shares of Delta Air Lines by 346.4% during the second quarter. Holocene Advisors LP now owns 1,141,994 shares of the transportation company’s stock valued at $64,808,000 after acquiring an additional 886,164 shares in the last quarter. Institutional investors and hedge funds own 87.34% of the company’s stock.

Shares of Delta Air Lines stock traded down $0.25 during trading on Friday, reaching $56.98. 307,683 shares of the stock traded hands, compared to its average volume of 5,954,807. The firm has a market cap of $37.17 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.46 and a beta of 1.18. The firm’s fifty day moving average price is $60.07. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $63.44.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.49 billion. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. On average, sell-side analysts predict that Delta Air Lines will post 7.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, July 24th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s payout ratio is 28.50%.

About Delta Air Lines

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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Featured Story: What are momentum indicators and what do they show?

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit