Delta Air Lines, Inc. (NYSE:DAL) Receives $71.22 Consensus PT from Analysts

Delta Air Lines, Inc. (NYSE:DAL) has received an average recommendation of “Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Thirteen 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 brokerages that have issued a report on the stock in the last year is $71.22.

Several brokerages have recently commented on DAL. Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Susquehanna upped their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. TD Cowen lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % 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 company’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 completion of the transaction, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth about $31,000. Strategic Financial Concepts LLC acquired a new stake in shares of Delta Air Lines in the second quarter worth approximately $36,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth $40,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 1.3 %

NYSE DAL opened at $63.24 on Friday. Delta Air Lines has a 52 week low of $35.46 and a 52 week high of $66.25. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $40.81 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33. The stock’s 50-day moving average price is $53.45 and its 200-day moving average price is $48.78.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results 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). The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 EPS. On average, equities research analysts predict that Delta Air Lines will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is 8.33%.

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.