Vetr lowered shares of Delta Air Lines Inc. (NYSE:DAL) from a hold rating to a sell rating in a research note published on Monday morning. They currently have $47.62 target price on the stock.

Several other research firms have also recently weighed in on DAL. Deutsche Bank AG reaffirmed a buy rating on shares of Delta Air Lines in a research note on Tuesday, November 8th. Cowen and Company reaffirmed an outperform rating and set a $55.00 target price on shares of Delta Air Lines in a research note on Thursday, August 11th. Sanford C. Bernstein started coverage on shares of Delta Air Lines in a research note on Tuesday, October 11th. They set a market perform rating and a $43.00 target price for the company. Imperial Capital started coverage on shares of Delta Air Lines in a research note on Wednesday, August 24th. They set an in-line rating and a $41.00 target price for the company. Finally, Credit Suisse Group AG reaffirmed a buy rating and set a $52.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $53.78.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) opened at 48.49 on Monday. The stock has a market cap of $35.88 billion, a PE ratio of 7.86 and a beta of 0.89. The firm has a 50 day moving average of $43.66 and a 200-day moving average of $40.06. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $52.77.

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

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

In other Delta Air Lines news, COO W Gilbert West sold 11,677 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $44.46, for a total transaction of $519,159.42. Following the completion of the sale, the chief operating officer now directly owns 95,313 shares in the company, valued at approximately $4,237,615.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Glen W. Hauenstein sold 105,500 shares of Delta Air Lines stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $44.00, for a total transaction of $4,642,000.00. Following the sale, the president now owns 271,225 shares of the company’s stock, valued at $11,933,900. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. 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 valued at $100,000 after buying an additional 2,648 shares during the last quarter. Crow Point Partners LLC acquired a new stake in shares of Delta Air Lines during the third quarter valued at approximately $106,000. Physicians Financial Services Inc. acquired a new stake in shares of Delta Air Lines during the third quarter valued at approximately $110,000. Capital Guardian Trust Co. boosted 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. 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 valued at $121,000 after buying an additional 2,521 shares during the last quarter. Institutional investors and hedge funds own 81.06% 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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