Delta Air Lines (DAL) Price Target Lowered to $64.00 at Morgan Stanley

Delta Air Lines (NYSE:DAL) had its target price lowered by Morgan Stanley from $68.00 to $64.00 in a research report sent to investors on Friday. The brokerage currently has an overweight rating on the transportation company’s stock.

DAL has been the topic of several other research reports. Stephens set a $67.00 target price on Delta Air Lines and gave the company a buy rating in a report on Monday, December 18th. Stifel Nicolaus reissued a buy rating and issued a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Zacks Investment Research raised Delta Air Lines from a sell rating to a hold rating in a report on Friday, November 10th. Vetr lowered Delta Air Lines from a sell rating to a strong sell rating and set a $45.16 target price on the stock. in a report on Wednesday, November 29th. Finally, Cowen increased their target price on Delta Air Lines from $62.00 to $66.00 and gave the company an outperform rating in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of Buy and an average target price of $65.76.

Delta Air Lines (NYSE:DAL) traded up $0.91 during trading hours on Friday, reaching $53.46. The company had a trading volume of 4,261,097 shares, compared to its average volume of 10,050,000. The stock has a market capitalization of $38,120.00, a price-to-earnings ratio of 10.38, a PEG ratio of 0.70 and a beta of 1.14. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines has a 52-week low of $43.81 and a 52-week high of $60.79.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. Delta Air Lines’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. equities research analysts anticipate that Delta Air Lines will post 6.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s payout ratio is 23.69%.

In other news, CEO Edward H. Bastian sold 73,211 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the completion of the sale, the chief executive officer now owns 338,719 shares in the company, valued at $18,981,812.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was 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 ninety days, insiders have sold 343,638 shares of company stock worth $19,592,923. Corporate insiders own 0.37% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Investec Asset Management LTD acquired a new stake in Delta Air Lines in the third quarter valued at about $157,977,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Delta Air Lines in the fourth quarter valued at about $152,660,000. Mackenzie Financial Corp lifted its position in Delta Air Lines by 701.7% in the fourth quarter. Mackenzie Financial Corp now owns 1,814,740 shares of the transportation company’s stock valued at $101,625,000 after purchasing an additional 1,588,380 shares during the period. Anchor Bolt Capital LP acquired a new stake in Delta Air Lines in the third quarter valued at about $68,141,000. Finally, Alyeska Investment Group L.P. lifted its position in Delta Air Lines by 35.8% in the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after purchasing an additional 1,055,182 shares during the period. Institutional investors and hedge funds own 86.23% 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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