Delta Air Lines, Inc. (NYSE:DAL) Receives $75.83 Average PT from Brokerages

Delta Air Lines, Inc. (NYSE:DAL) has been assigned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat reports. Thirteen equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $75.83.

Several research firms recently issued reports on DAL. Bank of America boosted their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 in the last three months. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines during the third quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth $31,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines in the third quarter valued at approximately $31,000. Strategic Financial Concepts LLC purchased a new position in Delta Air Lines in the second quarter worth $36,000. Finally, Unique Wealth Strategies LLC bought a new position in Delta Air Lines during the second quarter valued at approximately $40,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.4 %

DAL stock opened at $60.80 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. Delta Air Lines has a twelve month low of $36.34 and a twelve month high of $67.50. The company has a market cap of $39.23 billion, a P/E ratio of 8.44, a PEG ratio of 1.21 and a beta of 1.35. The business has a fifty day moving average of $59.97 and a 200-day moving average of $50.45.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 earnings per share. As a group, equities research analysts expect that Delta Air Lines will post 6.08 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. Delta Air Lines’s payout ratio is currently 8.33%.

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 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.