Delta Air Lines, Inc. (NYSE:DAL) has earned an average recommendation of “Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $68.33.
Several research analysts recently weighed in on the stock. Cowen restated an “outperform” rating and set a $69.00 price target (up previously from $67.00) on shares of Delta Air Lines in a research report on Thursday, July 11th. Raymond James upped their price target on shares of 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 restated an “overweight” rating and set a $70.00 price target on shares of Delta Air Lines in a research report on Wednesday, July 3rd. Deutsche Bank upped their price target on shares of Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Finally, Imperial Capital upped their price target on shares of Delta Air Lines from $61.00 to $63.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 10th.
In other Delta Air Lines news, President Glen W. Hauenstein sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the president now owns 267,526 shares in the company, valued at approximately $16,862,163.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO W Gilbert West sold 10,342 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $62.64, for a total transaction of $647,822.88. Following the completion of the sale, the chief operating officer now owns 82,992 shares of the company’s stock, valued at approximately $5,198,618.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,288 shares of company stock valued at $5,753,311. 0.47% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in DAL. Washington Trust Bank grew its stake in shares of Delta Air Lines by 141.3% in the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock valued at $25,000 after buying an additional 284 shares during the period. Northwest Wealth Management LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $26,000. Paragon Capital Management LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $26,000. Kistler Tiffany Companies LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $26,000. Finally, Glassman Wealth Services grew its stake in shares of Delta Air Lines by 1,153.5% in the 1st quarter. Glassman Wealth Services now owns 539 shares of the transportation company’s stock valued at $28,000 after buying an additional 496 shares during the period. Institutional investors own 87.34% of the company’s stock.
Shares of Delta Air Lines stock traded down $0.25 during trading hours on Friday, reaching $56.98. The stock had a trading volume of 307,683 shares, compared to its average volume of 5,954,807. The company’s 50 day simple moving average is $60.07. The stock has a market cap of $37.17 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 0.46 and a beta of 1.18. Delta Air Lines has a twelve month low of $45.08 and a twelve month high of $63.44. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The business had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 earnings per share. On average, analysts forecast that Delta Air Lines will post 7.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a $0.4025 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, July 24th. This represents a $1.61 dividend on an annualized basis and a yield of 2.83%. Delta Air Lines’s dividend payout ratio is presently 28.50%.
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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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