Delta Air Lines (NYSE:DAL) had its price objective hoisted by Morgan Stanley from $64.00 to $67.00 in a research report report published on Monday. They currently have an overweight rating on the transportation company’s stock.
DAL has been the topic of a number of other reports. Vetr raised 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. ValuEngine raised Delta Air Lines from a buy rating to a strong-buy rating in a report on Friday, December 1st. Stifel Nicolaus upped their price objective on Delta Air Lines to $90.00 and gave the company a buy rating in a report on Wednesday, February 28th. Cowen upped their price objective on Delta Air Lines from $62.00 to $66.00 and gave the company an outperform rating in a report on Friday, December 15th. Finally, Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the company a buy rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $67.22.
Delta Air Lines stock opened at $55.95 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. The firm has a market capitalization of $39,558.87, a P/E ratio of 11.33 and a beta of 1.16. Delta Air Lines has a 1-year low of $43.81 and a 1-year high of $60.79.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The business 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 26.27% and a net margin of 8.67%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. analysts anticipate that Delta Air Lines will post 6.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a dividend of $0.305 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.18%. Delta Air Lines’s dividend payout ratio is currently 24.70%.
In other Delta Air Lines news, Director Francis S. Blake acquired 3,350 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average cost of $59.76 per share, for a total transaction of $200,196.00. Following the transaction, the director now directly owns 33,520 shares in the company, valued at $2,003,155.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO W Gilbert West sold 9,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.06, for a total value of $504,540.00. Following the sale, the chief operating officer now owns 61,872 shares of the company’s stock, valued at $3,468,544.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,250 shares of company stock valued at $9,618,000. 0.37% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of DAL. Victory Capital Management Inc. raised its position in Delta Air Lines by 15.6% in the third quarter. Victory Capital Management Inc. now owns 42,951 shares of the transportation company’s stock valued at $2,071,000 after purchasing an additional 5,791 shares during the last quarter. Bessemer Group Inc. raised its position in Delta Air Lines by 148.9% in the third quarter. Bessemer Group Inc. now owns 6,329 shares of the transportation company’s stock valued at $306,000 after purchasing an additional 3,786 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Delta Air Lines by 0.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 561,700 shares of the transportation company’s stock valued at $27,085,000 after purchasing an additional 4,189 shares during the last quarter. Russell Investments Group Ltd. raised its position in Delta Air Lines by 6.4% in the third quarter. Russell Investments Group Ltd. now owns 1,024,715 shares of the transportation company’s stock valued at $49,409,000 after purchasing an additional 61,312 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Delta Air Lines by 5.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,343 shares of the transportation company’s stock valued at $1,849,000 after purchasing an additional 1,936 shares during the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.
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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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