Delta Air Lines (DAL) Upgraded to Sell at Vetr

Vetr upgraded shares of Delta Air Lines (NYSE:DAL) from a strong sell rating to a sell rating in a research report released on Wednesday morning. The brokerage currently has $49.97 price objective on the transportation company’s stock.

A number of other equities analysts also recently weighed in on DAL. Cowen cut their price target on shares of Delta Air Lines from $60.00 to $58.00 and set an outperform rating on the stock in a research note on Thursday, September 28th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a $63.00 price target (down previously from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. UBS Group reaffirmed a buy rating and set a $62.00 price target (down previously from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Macquarie assumed coverage on shares of Delta Air Lines in a research note on Monday, September 25th. They set an outperform rating and a $61.00 price target on the stock. Finally, Imperial Capital raised 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 note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $64.12.

Shares of Delta Air Lines (NYSE:DAL) remained flat at $$55.69 on Wednesday. 9,026,090 shares of the company traded hands, compared to its average volume of 6,700,000. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. The firm has a market cap of $39,710.00, a PE ratio of 11.16, a P/E/G ratio of 1.82 and a beta of 1.30. Delta Air Lines has a 12-month low of $43.81 and a 12-month high of $56.84.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. The company had revenue of $11.06 billion for 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%. Delta Air Lines’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. analysts forecast that Delta Air Lines will post 4.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Thursday, November 16th. Delta Air Lines’s payout ratio is currently 24.45%.

In other news, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total value of $8,449,274.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold 449,198 shares of company stock valued at $24,427,525 in the last three months. Company insiders own 0.37% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc acquired a new stake in Delta Air Lines during the 2nd quarter valued at $114,000. BB&T Investment Services Inc. acquired a new stake in Delta Air Lines during the 2nd quarter valued at $128,000. Advisory Services Network LLC grew its holdings in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Delta Air Lines by 40.9% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares in the last quarter. Finally, Blue Granite Capital LLC acquired a new stake in Delta Air Lines during the 3rd quarter valued at $162,000. 85.01% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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