Delta Air Lines, Inc. (NYSE:DAL) Receives $60.70 Consensus PT from Brokerages

Shares of Delta Air Lines, Inc. (NYSE:DAL) have earned an average rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $60.70.

DAL has been the subject of a number of recent research reports. TD Cowen decreased their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Jefferies Financial Group decreased their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Sanford C. Bernstein reduced their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Citigroup upped their target price on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, HSBC started coverage on Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 target price for the company.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction on Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $878,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors have recently made changes to their positions in the stock. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth $31,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth $27,000. Manchester Capital Management LLC lifted its position in shares of Delta Air Lines by 26,166.7% during the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares in the last quarter. Rise Advisors LLC lifted its position in shares of Delta Air Lines by 122.5% during the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after acquiring an additional 452 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.3 %

DAL stock opened at $42.04 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock’s 50 day simple moving average is $42.54 and its 200 day simple moving average is $46.00. The company has a market cap of $27.13 billion, a P/E ratio of 6.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. Delta Air Lines has a fifty-two week low of $30.60 and a fifty-two week high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The company had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.68 earnings per share. On average, research analysts expect that Delta Air Lines will post 5.94 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.43%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, July 30th. Delta Air Lines’s dividend payout ratio is 8.63%.

About Delta Air Lines

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.