Several analysts have recently updated their ratings and price targets for Delta Air Lines (NYSE: DAL):
- 3/19/2018 – Delta Air Lines had its price target raised by analysts at Morgan Stanley from $64.00 to $67.00. They now have an “overweight” rating on the stock.
- 3/19/2018 – Delta Air Lines was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Delta have outperformed its industry as well as rival United Continental Holdings in a year's time. Ushering in further good news, the company increased its current-quarter projection for unit revenues on the back of higher demand for air travel. The carrier expects total unit revenues (excluding refinery sales) to increase in the band of 4% to 5% (on a year-over-year basis) in the first quarter of 2018. The company's efforts to reward shareholders are also impressive. In 2017, it returned $2.4 billion to shareholders. The company's initiatives to reduce its debt levels also please us. The new tax law, which reduces its corporate tax rate significantly, is anticipated to aid the company’s performance, going forward. However, high fuel costs do not bode well for the company. Fuel price, including taxes and refinery impact, is envisioned between $2 and $2.05 per gallon in the first quarter of 2018. “
- 2/28/2018 – Delta Air Lines had its price target raised by analysts at Stifel Nicolaus to $90.00. They now have a “buy” rating on the stock.
- 2/27/2018 – Delta Air Lines was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating. They now have a $66.79 price target on the stock.
- 2/23/2018 – Delta Air Lines had its price target lowered by analysts at Morgan Stanley from $68.00 to $64.00. They now have an “overweight” rating on the stock.
- 2/8/2018 – Delta Air Lines was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “Shares of Delta have outperformed its industry over the last six months. Ushering in further good news, the company reported better-than-expected earnings per share and revenues in the fourth quarter of 2017. Both metrics also improved year over year. Strong demand for air travel during the holiday season aided results. Furthermore, the company performed well on the unit revenue front in the quarter and is expected to continue doing the same in 2018 as well. The new tax law, which reduces its corporate tax rate significantly, is anticipated to aid the company’s performance, going forward. Efforts to reward shareholders are also impressive. However, high fuel costs do not bode well for the company. In the final quarter of 2017, average fuel price (adjusted) increased 20.9% to $1.93 per gallon. Fuel price, including taxes and refinery impact, is envisioned between $2.05 and $2.10 per gallon in the first quarter of 2018.”
Delta Air Lines stock traded down $0.73 during mid-day trading on Monday, hitting $55.96. 6,086,815 shares of the stock traded hands, compared to its average volume of 8,630,054. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. The firm has a market cap of $40,074.91, a PE ratio of 11.33 and a beta of 1.16. Delta Air Lines, Inc. has a one year low of $43.81 and a one year high of $60.79.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. equities research analysts forecast that Delta Air Lines, Inc. will post 6.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were issued a $0.305 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.18%. Delta Air Lines’s dividend payout ratio is presently 24.70%.
In other news, COO W Gilbert West sold 9,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.06, for a total value of $504,540.00. Following the completion of the transaction, the chief operating officer now owns 61,872 shares in the company, valued at approximately $3,468,544.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 73,211 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the completion of the transaction, the chief executive officer now owns 338,719 shares of the company’s stock, valued at approximately $18,981,812.76. The disclosure for this sale can be found here. Insiders sold a total of 237,461 shares of company stock valued at $13,720,745 in the last quarter. Insiders own 0.37% of the company’s stock.
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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