Delta Air Lines, Inc. (NYSE:DAL) Receives $61.52 Consensus Price Target from Brokerages

Shares of Delta Air Lines, Inc. (NYSE:DAL) have earned an average rating of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $61.83.

Several analysts have weighed in on DAL shares. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. 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. Sanford C. Bernstein dropped their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. Finally, Jefferies Financial Group boosted their price objective on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday.

Insider Activity

In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $878,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. grew its stake in Delta Air Lines by 1.6% in the fourth quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock valued at $7,286,000 after purchasing an additional 2,783 shares in the last quarter. Senator Investment Group LP grew its stake in Delta Air Lines by 90.0% in the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock valued at $22,534,000 after purchasing an additional 225,000 shares in the last quarter. First Hawaiian Bank purchased a new position in Delta Air Lines in the first quarter valued at about $749,000. Maryland State Retirement & Pension System grew its stake in Delta Air Lines by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock valued at $2,384,000 after purchasing an additional 1,362 shares in the last quarter. Finally, RFG Advisory LLC purchased a new position in Delta Air Lines in the first quarter valued at about $1,108,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 2.0 %

Shares of NYSE DAL opened at $47.44 on Friday. The stock’s 50 day simple moving average is $43.25 and its 200 day simple moving average is $46.67. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The company has a market cap of $30.61 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $53.86.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.01). The business had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.68 EPS. Equities research analysts expect that Delta Air Lines will post 6.18 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. Delta Air Lines’s dividend payout ratio is 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.