Vetr upgraded shares of Delta Air Lines, Inc. (NYSE:DAL) from a buy rating to a strong-buy rating in a research report report published on Monday. The firm currently has $54.35 price target on the transportation company’s stock.
A number of other equities research analysts have also weighed in on the stock. Deutsche Bank AG boosted their target price on shares of Delta Air Lines from $56.00 to $58.00 and gave the stock a buy rating in a report on Tuesday, April 18th. Cowen and Company reissued an outperform rating and set a $58.00 target price on shares of Delta Air Lines in a report on Monday, April 17th. Morgan Stanley reissued an overweight rating on shares of Delta Air Lines in a report on Friday, April 7th. Evercore ISI reissued an outperform rating on shares of Delta Air Lines in a report on Thursday, April 6th. Finally, Imperial Capital reissued an in-line rating on shares of Delta Air Lines in a report on Friday, March 17th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $53.55.
Delta Air Lines (NYSE:DAL) opened at 49.69 on Monday. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.76. The firm has a market capitalization of $36.17 billion, a price-to-earnings ratio of 9.16 and a beta of 0.75. The stock’s 50 day moving average is $46.23 and its 200-day moving average is $47.80.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same period in the previous year, the firm posted $1.32 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts anticipate that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 19th will be given a dividend of $0.2025 per share. The ex-dividend date is Wednesday, May 17th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.63%. Delta Air Lines’s payout ratio is presently 14.04%.
In related news, COO W Gilbert West sold 15,600 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $51.29, for a total transaction of $800,124.00. Following the transaction, the chief operating officer now owns 111,113 shares in the company, valued at approximately $5,698,985.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul A. Jacobson sold 20,100 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $50.09, for a total transaction of $1,006,809.00. Following the transaction, the chief financial officer now owns 386,070 shares in the company, valued at approximately $19,338,246.30. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 255,165 shares of company stock worth $270,100 and have sold 79,417 shares worth $4,028,631. 0.75% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its position in Delta Air Lines by 7.4% in the third quarter. FTB Advisors Inc. now owns 3,106 shares of the transportation company’s stock worth $122,000 after buying an additional 214 shares during the last quarter. Capital One National Association bought a new position in Delta Air Lines during the third quarter worth about $553,000. GW Henssler & Associates Ltd. bought a new position in Delta Air Lines during the third quarter worth about $204,000. Credit Capital Investments LLC increased its position in Delta Air Lines by 410.6% in the third quarter. Credit Capital Investments LLC now owns 105,701 shares of the transportation company’s stock worth $4,160,000 after buying an additional 85,000 shares during the last quarter. Finally, BerganKDV Wealth Management LLC increased its position in Delta Air Lines by 31.4% in the third quarter. BerganKDV Wealth Management LLC now owns 15,333 shares of the transportation company’s stock worth $603,000 after buying an additional 3,660 shares during the last quarter. Institutional investors own 79.44% of the company’s stock.
About Delta Air Lines
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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