Delta Air Lines, Inc. (NYSE:DAL) Receives $71.22 Consensus PT from Brokerages

Delta Air Lines, Inc. (NYSE:DAL) has earned an average rating of “Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $71.22.

DAL has been the subject of several research analyst reports. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Susquehanna lifted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, TD Cowen increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Insider Activity

In other news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

Institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the third quarter valued at approximately $31,000. Kimelman & Baird LLC bought a new position in Delta Air Lines during the 2nd quarter worth approximately $31,000. Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $40,000. Finally, Quarry LP bought a new stake in Delta Air Lines during the second quarter valued at $41,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 1.7 %

DAL stock opened at $63.64 on Friday. Delta Air Lines has a one year low of $35.46 and a one year high of $66.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm’s fifty day moving average is $54.27 and its 200 day moving average is $48.98. The firm has a market cap of $41.07 billion, a PE ratio of 8.84, a P/E/G ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $2.03 earnings per share. On average, research analysts forecast that Delta Air Lines will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s payout ratio is currently 8.33%.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.