Delta Air Lines (DAL) Rating Reiterated by Imperial Capital

Delta Air Lines (NYSE:DAL)‘s stock had its “outperform” rating restated by stock analysts at Imperial Capital in a report issued on Friday. They presently have a $65.00 price objective on the transportation company’s stock, up from their previous price objective of $63.00. Imperial Capital’s price objective would suggest a potential upside of 8.64% from the stock’s current price. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $4.86 EPS, Q1 2018 earnings at $0.80 EPS and Q4 2018 earnings at $1.55 EPS.

Several other brokerages have also recently issued reports on DAL. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, January 10th. Vetr upgraded shares of Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price on the stock in a report on Wednesday, January 3rd. Cowen lifted their price target on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.53.

Shares of Delta Air Lines (DAL) traded up $1.31 during trading on Friday, hitting $59.83. 12,267,801 shares of the stock traded hands, compared to its average volume of 11,044,145. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $60.50. The company has a market capitalization of $42,390.00, a PE ratio of 12.11 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. analysts forecast that Delta Air Lines will post 6.18 earnings per share for the current year.

In other news, insider Steven M. Sear sold 10,783 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $56.05, for a total transaction of $604,387.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,197 shares of company stock worth $13,797,192. 0.37% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in DAL. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Delta Air Lines by 5.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,331 shares of the transportation company’s stock valued at $447,000 after buying an additional 399 shares in the last quarter. Symphony Asset Management LLC purchased a new position in shares of Delta Air Lines in the 2nd quarter worth about $249,000. Chemical Bank purchased a new position in shares of Delta Air Lines in the 2nd quarter worth about $553,000. Bridgewater Associates LP purchased a new position in shares of Delta Air Lines in the 2nd quarter worth about $2,099,000. Finally, Amalgamated Bank raised its position in shares of Delta Air Lines by 40.8% in the 2nd quarter. Amalgamated Bank now owns 77,157 shares of the transportation company’s stock worth $4,146,000 after purchasing an additional 22,377 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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Delta Air Lines Company Profile

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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