Delta Air Lines (NYSE:DAL) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
A number of other research firms also recently issued reports on DAL. Stephens set a $71.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Thursday, March 29th. Morgan Stanley reduced their price target on shares of Delta Air Lines from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, April 12th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised shares of Delta Air Lines to a “buy” rating in a research note on Monday, April 30th. Finally, Stifel Nicolaus boosted their price target on shares of Delta Air Lines to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $68.24.
Shares of Delta Air Lines opened at $55.87 on Thursday, MarketBeat.com reports. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.51. Delta Air Lines has a 12 month low of $44.59 and a 12 month high of $60.79. The stock has a market cap of $37.46 billion, a price-to-earnings ratio of 11.33 and a beta of 1.09.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.89 billion. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. research analysts anticipate that Delta Air Lines will post 6.15 EPS for the current fiscal year.
In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $55.34, for a total transaction of $1,383,500.00. Following the completion of the transaction, the chief executive officer now owns 301,943 shares in the company, valued at approximately $16,709,525.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO W Gilbert West sold 17,250 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total transaction of $948,750.00. Following the transaction, the chief operating officer now owns 119,447 shares of the company’s stock, valued at approximately $6,569,585. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Baker Ellis Asset Management LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $106,000. Wagner Wealth Management LLC grew its holdings in Delta Air Lines by 375.0% during the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock worth $104,000 after acquiring an additional 1,500 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $121,000. Fortis Advisors LLC grew its holdings in Delta Air Lines by 99.1% during the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock worth $131,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Nvwm LLC grew its holdings in Delta Air Lines by 558.5% during the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock worth $140,000 after acquiring an additional 2,290 shares in the last quarter. Institutional investors own 86.37% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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