Equities research analysts at Citigroup Inc. started coverage on shares of Delta Air Lines Inc. (NYSE:DAL) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Other research analysts have also recently issued research reports about the company. Vetr cut Delta Air Lines from a “hold” rating to a “sell” rating and set a $44.18 price objective on the stock. in a research note on Monday. Deutsche Bank AG restated a “buy” rating on shares of Delta Air Lines in a research note on Tuesday, November 8th. Credit Suisse Group AG restated a “buy” rating on shares of Delta Air Lines in a research note on Tuesday, November 8th. JPMorgan Chase & Co. restated a “buy” rating on shares of Delta Air Lines in a research note on Tuesday, November 8th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $52.69.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Shares of Delta Air Lines (NYSE:DAL) opened at 48.51 on Friday. The stock has a market cap of $35.90 billion, a P/E ratio of 7.87 and a beta of 0.89. The firm’s 50-day moving average price is $42.02 and its 200 day moving average price is $39.82. 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 issued its earnings results on Thursday, October 13th. The company reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. Delta Air Lines had a return on equity of 37.39% and a net margin of 11.92%. The firm had revenue of $10.48 billion for the quarter. During the same quarter in the previous year, the business posted $1.74 EPS. Delta Air Lines’s revenue was down 5.6% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines will post $5.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be given a dividend of $0.2025 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 1.67%. Delta Air Lines’s dividend payout ratio is presently 13.11%.

In other Delta Air Lines news, VP Craig M. Meynard sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $41.41, for a total value of $144,935.00. Following the completion of the sale, the vice president now directly owns 11,077 shares in the company, valued at $458,698.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $41.25, for a total value of $2,062,500.00. Following the completion of the sale, the chief executive officer now owns 232,302 shares of the company’s stock, valued at $9,582,457.50. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. New England Research & Management Inc. purchased a new stake in Delta Air Lines during the second quarter worth $297,000. Fulton Bank N.A. increased its stake in Delta Air Lines by 35.1% in the second quarter. Fulton Bank N.A. now owns 18,312 shares of the company’s stock worth $667,000 after buying an additional 4,760 shares during the period. First Republic Investment Management Inc. increased its stake in Delta Air Lines by 136.3% in the first quarter. First Republic Investment Management Inc. now owns 164,789 shares of the company’s stock worth $8,022,000 after buying an additional 95,044 shares during the period. Cypress Capital Group increased its stake in Delta Air Lines by 1.8% in the first quarter. Cypress Capital Group now owns 9,090 shares of the company’s stock worth $443,000 after buying an additional 158 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in 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 period. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Delta Air Lines Company Profile

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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