Delta Air Lines, Inc. (NYSE:DAL) Stock Has Consensus Target Price of $100.36 According to Analysts

Delta Air Lines, Inc. (NYSE:DAL) has been assigned an average rating of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $100.62.

DAL has been the subject of several recent analyst reports. Bank of America lifted their price target on Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Delta Air Lines in a research report on Monday, August 3rd. Argus set a $105.00 price target on shares of Delta Air Lines in a research note on Tuesday, July 14th. Sanford C. Bernstein restated an “outperform” rating and set a $106.00 price target on shares of Delta Air Lines in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $84.95 on Tuesday. The company has a market capitalization of $55.87 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The company’s fifty day moving average price is $83.98 and its 200 day moving average price is $78.29. Delta Air Lines has a 1 year low of $55.03 and a 1 year high of $95.68.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The company had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the previous year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, research analysts predict that Delta Air Lines will post 6.23 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a $0.2150 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, October 15th. Delta Air Lines’s dividend payout ratio (DPR) is 14.26%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 35,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total value of $3,245,200.00. Following the transaction, the executive vice president owned 95,025 shares in the company, valued at approximately $8,810,718. This trade represents a 26.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David G. Dewalt sold 31,756 shares of Delta Air Lines stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $90.85, for a total transaction of $2,885,032.60. Following the sale, the director directly owned 22,358 shares in the company, valued at approximately $2,031,224.30. This trade represents a 58.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 356,726 shares of company stock valued at $33,081,037. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DAL. Bank of New York Mellon Corp acquired a new position in shares of Delta Air Lines during the 2nd quarter valued at about $1,182,646,000. Pacer Advisors Inc. raised its position in shares of Delta Air Lines by 1,579.2% during the 4th quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock valued at $185,534,000 after buying an additional 2,514,193 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at approximately $160,265,000. Allianz Asset Management GmbH lifted its holdings in Delta Air Lines by 55.0% in the fourth quarter. Allianz Asset Management GmbH now owns 4,327,719 shares of the transportation company’s stock valued at $300,344,000 after acquiring an additional 1,536,138 shares during the last quarter. Finally, Norges Bank acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $86,931,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger air transportation throughout the United States and to destinations across North America, Latin America, Europe, Asia, Africa and the Middle East. The company also offers air cargo services and operates a loyalty program, SkyMiles, along with related travel and customer services.

Headquartered in Atlanta, Georgia, Delta operates a network of domestic and international routes through hubs and focus cities that include Atlanta, Boston, Detroit, Los Angeles, Minneapolis–Saint Paul, New York, Salt Lake City and Seattle.