Delta Air Lines Inc. (DAL) Price Target Increased to $52.00 by Analysts at Imperial Capital
Delta Air Lines Inc. (NYSE:DAL) had its price objective boosted by Imperial Capital from $44.00 to $52.00 in a research note issued to investors on Tuesday morning. Imperial Capital currently has a line rating on the stock.
Several other research firms have also recently issued reports on DAL. Vetr cut Delta Air Lines from a buy rating to a hold rating and set a $43.73 target price on the stock. in a research report on Monday, November 7th. Citigroup Inc. began coverage on Delta Air Lines in a research report on Friday, November 18th. They set a buy rating and a $61.00 target price on the stock. Buckingham Research set a $54.00 target price on Delta Air Lines and gave the stock a buy rating in a research report on Wednesday, October 5th. Credit Suisse Group AG reiterated a buy rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. Finally, Zacks Investment Research upgraded Delta Air Lines from a strong sell rating to a hold rating in a research report on Tuesday, September 6th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $53.78.
Delta Air Lines (NYSE:DAL) traded up 0.04% during trading on Tuesday, hitting $48.92. The stock had a trading volume of 499,371 shares. The stock’s 50 day moving average price is $42.80 and its 200 day moving average price is $39.93. Delta Air Lines has a 12-month low of $32.60 and a 12-month high of $52.77. The firm has a market cap of $36.20 billion, a P/E ratio of 7.93 and a beta of 0.89.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 13th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The firm 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 quarter last year, the firm earned $1.74 EPS. On average, analysts anticipate that Delta Air Lines will post $5.70 EPS for the current fiscal year.
The firm 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 1.66%. Delta Air Lines’s dividend payout ratio is currently 13.11%.
In other Delta Air Lines news, COO W Gilbert West sold 11,677 shares of the firm’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 transaction, the chief operating officer now owns 95,313 shares of the company’s stock, valued at $4,237,615.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 4,670 shares of the firm’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 directly owns 52,173 shares in the company, valued at approximately $1,939,792.14. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of DAL. Archford Capital Strategies LLC raised 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 valued at $100,000 after buying an additional 2,648 shares during the last quarter. Crow Point Partners LLC purchased a new stake in shares of Delta Air Lines during the third quarter valued at approximately $106,000. Physicians Financial Services Inc. purchased a new stake in shares of Delta Air Lines during the third quarter valued at approximately $110,000. Capital Guardian Trust Co. raised its stake in shares of Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock valued at $116,000 after buying an additional 2,000 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. raised 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 valued at $121,000 after buying an additional 2,521 shares during the last quarter. 81.89% of the stock is currently owned by hedge funds and other institutional investors.
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.
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