Vetr upgraded shares of Delta Air Lines Inc. (NYSE:DAL) from a sell rating to a hold rating in a research report released on Monday. The firm currently has $47.62 target price on the stock.

Several other brokerages also recently weighed in on DAL. Citigroup Inc. assumed coverage on Delta Air Lines in a research note on Friday. They set a buy rating and a $61.00 target price for the company. JPMorgan Chase & Co. 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. Deutsche Bank AG 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. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $53.78.

Shares of Delta Air Lines (NYSE:DAL) traded up 0.82% on Monday, reaching $49.01. The company had a trading volume of 1,747,594 shares. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.77. The company’s 50-day moving average is $42.55 and its 200 day moving average is $39.88. The firm has a market capitalization of $36.27 billion, a PE ratio of 7.95 and a beta of 0.89.

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

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

In other news, VP Craig M. Meynard sold 3,500 shares of the business’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 transaction of $144,935.00. Following the completion of the sale, the vice president now owns 11,077 shares in the company, valued at $458,698.57. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven M. Sear sold 4,670 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total value of $173,630.60. Following the sale, the executive vice president now owns 52,173 shares of the company’s stock, valued at approximately $1,939,792.14. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Several large investors have recently modified their holdings of DAL. Crow Point Partners LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth about $106,000. Archford Capital Strategies LLC boosted its stake in shares of Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock worth $100,000 after buying an additional 2,648 shares in the last quarter. Physicians Financial Services Inc. purchased a new stake in shares of Delta Air Lines during the third quarter worth about $110,000. Financial Engines Advisors L.L.C. boosted its stake in shares of Delta Air Lines by 447.0% in the third quarter. Financial Engines Advisors L.L.C. now owns 3,085 shares of the company’s stock worth $121,000 after buying an additional 2,521 shares in the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of Delta Air Lines by 7.4% in the third quarter. FTB Advisors Inc. now owns 3,106 shares of the company’s stock worth $122,000 after buying an additional 214 shares in the last quarter. Institutional investors own 81.89% 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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