Delta Air Lines (NYSE:DAL) had its price objective upped by Cowen from $62.00 to $66.00 in a research note released on Friday morning. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other equities analysts have also commented on DAL. Morgan Stanley decreased their price objective on shares of Delta Air Lines from $62.00 to $59.00 and set an overweight rating on the stock in a report on Thursday, August 17th. Wolfe Research upgraded shares of Delta Air Lines from a market perform rating to an outperform rating in a report on Friday, August 18th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Delta Air Lines from a strong-buy rating to a hold rating in a report on Monday, August 21st. BidaskClub lowered shares of Delta Air Lines from a hold rating to a sell rating in a report on Friday, August 25th. Finally, Imperial Capital reiterated a hold rating and set a $50.00 target price on shares of Delta Air Lines in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $63.64.

Shares of Delta Air Lines (DAL) traded up $0.85 during mid-day trading on Friday, hitting $56.10. 13,845,805 shares of the stock traded hands, compared to its average volume of 6,428,587. 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 52-week low of $43.81 and a 52-week high of $56.49. The firm has a market cap of $39,391.77, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.68 and a beta of 1.29.

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, topping the consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same period in the prior year, the business posted $1.70 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts forecast that Delta Air Lines will post 5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a $0.305 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.17%. Delta Air Lines’s payout ratio is 24.50%.

In other news, insider Steven M. Sear sold 6,898 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 159,240 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were 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. Insiders sold a total of 239,810 shares of company stock worth $12,684,903 over the last 90 days. Company insiders own 0.37% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DAL. Bessemer Group Inc. grew its position in shares of Delta Air Lines by 104.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after buying an additional 1,298 shares during the last quarter. Beach Investment Management LLC. grew its position in Delta Air Lines by 1,780.1% during the 2nd quarter. Beach Investment Management LLC. now owns 352,330 shares of the transportation company’s stock worth $18,934,000 after purchasing an additional 333,590 shares during the last quarter. Wedbush Securities Inc. grew its position in Delta Air Lines by 3.2% during the 2nd quarter. Wedbush Securities Inc. now owns 6,296 shares of the transportation company’s stock worth $338,000 after purchasing an additional 195 shares during the last quarter. Advisors Asset Management Inc. grew its position in Delta Air Lines by 0.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 48,053 shares of the transportation company’s stock worth $2,582,000 after purchasing an additional 288 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its position in Delta Air Lines by 9.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 508,701 shares of the transportation company’s stock worth $27,338,000 after purchasing an additional 43,930 shares during the last quarter. 85.24% of the stock is currently owned by hedge funds and other institutional investors.

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Delta Air Lines Company Profile

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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