Vetr cut shares of Delta Air Lines, Inc. (NYSE:DAL) from a strong-buy rating to a sell rating in a research report released on Monday morning. The brokerage currently has $45.16 target price on the transportation company’s stock.

DAL has been the topic of several other research reports. Imperial Capital upgraded shares of Delta Air Lines from an in-line rating to an outperform rating and set a $63.00 price target on the stock in a research report on Thursday, October 12th. Cowen and Company boosted their price target on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an outperform rating in a research report on Thursday, October 12th. Morgan Stanley reiterated an overweight rating and set a $57.00 price target (up previously from $56.00) on shares of Delta Air Lines in a research report on Wednesday, October 4th. BidaskClub cut shares of Delta Air Lines from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Finally, J P Morgan Chase & Co boosted their price target on shares of Delta Air Lines from $63.00 to $68.00 and gave the company an overweight rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines has an average rating of Buy and a consensus target price of $63.39.

Delta Air Lines (NYSE DAL) opened at $50.45 on Monday. The company has a market cap of $35,970.00, a PE ratio of 10.19, a PEG ratio of 1.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. Delta Air Lines has a one year low of $43.81 and a one year high of $55.75.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. sell-side analysts predict that Delta Air Lines will post 5.01 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.305 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio is presently 24.45%.

In other news, Director George N. Mattson bought 6,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were purchased at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the completion of the purchase, the director now owns 61,510 shares in the company, valued at approximately $2,795,014.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,001 shares of company stock worth $10,630,333. Insiders own 0.37% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its stake in shares of Delta Air Lines by 68.0% in the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock worth $7,299,000 after buying an additional 61,298 shares in the last quarter. State of Tennessee Treasury Department lifted its position in Delta Air Lines by 78.0% during the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after purchasing an additional 312,863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Delta Air Lines by 57.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after purchasing an additional 42,150 shares during the period. US Bancorp DE lifted its position in Delta Air Lines by 15.1% during the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock valued at $74,262,000 after purchasing an additional 181,027 shares during the period. Finally, Wesbanco Bank Inc. lifted its position in Delta Air Lines by 2.7% during the second quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock valued at $2,975,000 after purchasing an additional 1,475 shares during the period. Hedge funds and other institutional investors own 87.54% 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 across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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