Todays Report: Today, Vetr Inc. Upgraded Delta Air Lines Inc. (DAL) to Hold

Today, Vetr Inc. Upgraded Delta Air Lines Inc. (DAL) to Hold

Delta Air Lines Inc. (NYSE:DAL) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a report issued on Monday. The firm currently has a $47.62 price target on the stock. Vetr‘s target price indicates a potential downside of 3.23% from the company’s current price.

Several other brokerages also recently weighed in on DAL. Deutsche Bank AG reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Tuesday, November 8th. Cowen and Company reissued an “outperform” rating and issued a $55.00 price objective on shares of Delta Air Lines in a research note on Thursday, August 11th. JPMorgan Chase & Co. reduced their price objective on Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Sanford C. Bernstein began coverage on Delta Air Lines in a research note on Tuesday, October 11th. They issued a “market perform” rating and a $43.00 price objective for the company. Finally, Imperial Capital began coverage on Delta Air Lines in a research note on Wednesday, August 24th. They issued an “in-line” rating and a $41.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $53.78.

Shares of Delta Air Lines (NYSE:DAL) traded up 0.06% during mid-day trading on Monday, hitting $49.24. 2,241,430 shares of the stock were exchanged. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.77. The company has a 50-day moving average price of $43.05 and a 200-day moving average price of $40.00. The stock has a market cap of $36.44 billion, a price-to-earnings ratio of 7.98 and a beta of 0.89.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 13th. The company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The business earned $10.48 billion during the quarter. Delta Air Lines had a return on equity of 37.39% and a net margin of 11.92%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 earnings per share. Equities analysts expect that Delta Air Lines will post $5.70 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be given a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, November 8th. Delta Air Lines’s dividend payout ratio is currently 13.11%.

In other news, COO W Gilbert West sold 11,677 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $44.46, for a total transaction of $519,159.42. Following the sale, the chief operating officer now owns 95,313 shares of the company’s stock, valued at approximately $4,237,615.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Glen W. Hauenstein sold 105,500 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $44.00, for a total value of $4,642,000.00. Following the sale, the president now directly owns 271,225 shares in the company, valued at approximately $11,933,900. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Delta Air Lines by 1.0% in the first quarter. Legal & General Group Plc now owns 902,833 shares of the company’s stock valued at $43,953,000 after buying an additional 9,252 shares during the period. Eachwin Capital LP acquired a new stake in shares of Delta Air Lines during the first quarter valued at $457,000. Goldentree Asset Management LP raised its stake in shares of Delta Air Lines by 29.5% in the first quarter. Goldentree Asset Management LP now owns 468,465 shares of the company’s stock valued at $22,805,000 after buying an additional 106,645 shares during the period. Summit Partners Public Asset Management LLC raised its stake in shares of Delta Air Lines by 12.5% in the first quarter. Summit Partners Public Asset Management LLC now owns 180,000 shares of the company’s stock valued at $8,762,000 after buying an additional 20,000 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Delta Air Lines by 93.6% in the first quarter. Squarepoint Ops LLC now owns 75,526 shares of the company’s stock valued at $3,677,000 after buying an additional 36,507 shares during the period. 81.89% of the stock is currently owned by institutional investors and hedge funds.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

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