Delta Air Lines Inc. (NYSE:DAL) had its target price boosted by Imperial Capital from $44.00 to $52.00 in a report issued on Tuesday. They currently have a line rating on the stock.
A number of other research firms have also commented on DAL. Deutsche Bank AG restated a buy rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. Cowen and Company restated an outperform rating and issued a $55.00 price target on shares of Delta Air Lines in a research report on Thursday, August 11th. JPMorgan Chase & Co. reduced their price target on shares of Delta Air Lines from $63.00 to $48.50 and set an overweight rating on the stock in a research report on Wednesday, July 27th. Sanford C. Bernstein initiated coverage on shares of Delta Air Lines in a research report on Tuesday, October 11th. They issued a market perform rating and a $43.00 price target on the stock. Finally, Vetr lowered shares of Delta Air Lines from a strong-buy rating to a hold rating and set a $41.22 price target on the stock. in a research report on Thursday, October 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Delta Air Lines has an average rating of Buy and an average target price of $53.78.
Delta Air Lines (NYSE:DAL) opened at 49.24 on Tuesday. The firm 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 has a 52-week low of $32.60 and a 52-week high of $52.77. The firm has a 50-day moving average of $43.39 and a 200 day moving average of $40.04.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 13th. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. The firm had revenue of $10.48 billion for the quarter. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. Delta Air Lines’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 earnings per share. On average, equities research analysts forecast that Delta Air Lines will post $5.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors 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 is Tuesday, November 8th. Delta Air Lines’s dividend payout ratio (DPR) is currently 13.11%.
In related news, COO W Gilbert West sold 11,677 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $44.46, for a total value of $519,159.42. Following the completion of the transaction, the chief operating officer now owns 95,313 shares of the company’s stock, valued at $4,237,615.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Craig M. Meynard sold 3,500 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $41.41, for a total transaction of $144,935.00. Following the completion of the transaction, the vice president now directly owns 11,077 shares of the company’s stock, valued at approximately $458,698.57. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC increased its position in Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock worth $100,000 after buying an additional 2,648 shares during the period. Crow Point Partners LLC acquired a new position in Delta Air Lines during the third quarter worth $106,000. Physicians Financial Services Inc. purchased a new stake in shares of Delta Air Lines during the third quarter worth approximately $110,000. Capital Guardian Trust Co. boosted its stake in shares of Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock worth $116,000 after buying an additional 2,000 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. boosted its stake in shares of Delta Air Lines by 447.0% in the third quarter. Financial Engines Advisors L.L.C. now owns 3,085 shares of the company’s stock worth $121,000 after buying an additional 2,521 shares in the last quarter. 81.06% of the stock is owned by institutional investors and hedge funds.
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