Brokerages Set Delta Air Lines, Inc. (NYSE:DAL) Price Target at $65.40

Delta Air Lines, Inc. (NYSE:DAL) has received an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Twelve equities research 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 analysts that have issued a report on the stock in the last year is $65.40.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Susquehanna lifted their price target on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, TD Cowen cut their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Manchester Capital Management LLC increased its position in Delta Air Lines by 24.7% during the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock worth $47,000 after buying an additional 195 shares during the period. Armstrong Advisory Group Inc. increased its position in Delta Air Lines by 13.8% during the third quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after acquiring an additional 200 shares during the period. Oakworth Capital Inc. raised its stake in Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in Delta Air Lines by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 221 shares during the period. Finally, Silverlake Wealth Management LLC grew its position in shares of Delta Air Lines by 2.9% during the 1st quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after purchasing an additional 229 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Up 0.2 %

NYSE:DAL opened at $54.78 on Tuesday. Delta Air Lines has a 1 year low of $30.60 and a 1 year high of $56.48. The stock has a 50-day moving average price of $46.76 and a two-hundred day moving average price of $47.33. The stock has a market cap of $35.35 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.98 and a beta of 1.35. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter last year, the firm earned $2.03 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Delta Air Lines will post 6.17 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

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.