Delta Air Lines Inc. (NYSE:DAL) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued on Monday. They presently have a $44.18 price objective on the stock. Vetr‘s target price suggests a potential downside of 4.74% from the company’s previous close.

DAL has been the subject of a number of other reports. Credit Suisse Group AG reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. Bank of America Corp. set a $60.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Tuesday, October 4th. Deutsche Bank AG raised their target price on shares of Delta Air Lines from $48.00 to $49.00 and gave the company a “buy” rating in a report on Monday, July 18th. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $52.69.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) opened at 46.38 on Monday. The firm has a 50-day moving average of $41.02 and a 200 day moving average of $39.68. The company has a market capitalization of $34.32 billion, a price-to-earnings ratio of 7.52 and a beta of 0.89. Delta Air Lines has a one year low of $32.60 and a one year high of $52.77.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 13th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.05. The firm had revenue of $10.48 billion for the quarter. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 EPS. Equities research analysts predict that Delta Air Lines will post $5.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a $0.2025 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.81 dividend on an annualized basis and a yield of 1.75%. Delta Air Lines’s dividend payout ratio is presently 13.11%.

In other Delta Air Lines news, COO W Gilbert West sold 11,677 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $44.46, for a total value of $519,159.42. Following the completion of the transaction, the chief operating officer now directly owns 95,313 shares in the company, valued at $4,237,615.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven M. Sear sold 4,670 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total transaction of $173,630.60. Following the completion of the transaction, the executive vice president now owns 52,173 shares of the company’s stock, valued at $1,939,792.14. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Delta Air Lines by 3.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 85,440 shares of the company’s stock worth $4,136,000 after buying an additional 2,630 shares during the last quarter. Lorber David A acquired a new stake in shares of Delta Air Lines during the first quarter worth $735,000. Squarepoint Ops LLC raised its stake in shares of Delta Air Lines by 93.6% in the first quarter. Squarepoint Ops LLC now owns 75,526 shares of the company’s stock worth $3,677,000 after buying an additional 36,507 shares during the last quarter. Summit Partners Public Asset Management LLC raised its stake in shares of Delta Air Lines by 12.5% in the first quarter. Summit Partners Public Asset Management LLC now owns 180,000 shares of the company’s stock worth $8,762,000 after buying an additional 20,000 shares during the last quarter. Finally, Goldentree Asset Management LP raised its stake in shares of Delta Air Lines by 29.5% in the first quarter. Goldentree Asset Management LP now owns 468,465 shares of the company’s stock worth $22,805,000 after buying an additional 106,645 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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