Delta Air Lines (DAL) Given Outperform Rating at Imperial Capital

Delta Air Lines (NYSE:DAL)‘s stock had its “outperform” rating restated by analysts at Imperial Capital in a research report issued to clients and investors on Thursday, The Fly reports. They presently have a $78.00 target price on the transportation company’s stock. Imperial Capital’s price target indicates a potential upside of 35.63% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 13th. Cfra reaffirmed a “buy” rating and set a $70.00 price target on shares of Delta Air Lines in a research note on Monday, June 18th. Barclays dropped their price target on shares of Delta Air Lines from $73.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, July 16th. Buckingham Research dropped their price target on shares of Delta Air Lines from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, June 7th. Finally, Citigroup dropped their price target on shares of Delta Air Lines from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, June 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $67.45.

DAL stock opened at $57.51 on Thursday. Delta Air Lines has a 12 month low of $47.12 and a 12 month high of $60.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.40 and a quick ratio of 0.31. The stock has a market cap of $39.48 billion, a P/E ratio of 11.67, a PEG ratio of 0.51 and a beta of 1.06.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 12th. The transportation company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.05. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The firm had revenue of $11.78 billion during the quarter, compared to analysts’ expectations of $11.73 billion. During the same period in the previous year, the company earned $1.64 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts expect that Delta Air Lines will post 5.59 earnings per share for the current year.

In other news, EVP Joanne D. Smith sold 12,250 shares of the business’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $53.00, for a total value of $649,250.00. Following the completion of the sale, the executive vice president now owns 107,575 shares in the company, valued at approximately $5,701,475. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Craig M. Meynard sold 1,793 shares of the business’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $54.31, for a total transaction of $97,377.83. Following the completion of the sale, the vice president now owns 7,170 shares of the company’s stock, valued at approximately $389,402.70. The disclosure for this sale can be found here. Insiders have sold a total of 117,787 shares of company stock valued at $6,276,276 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of DAL. Huntington National Bank raised its holdings in shares of Delta Air Lines by 73.8% in the 2nd quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 1,147 shares in the last quarter. Nvwm LLC raised its holdings in shares of Delta Air Lines by 558.5% in the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 2,290 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $142,000. Summit Trail Advisors LLC raised its holdings in shares of Delta Air Lines by 4,836.6% in the 1st quarter. Summit Trail Advisors LLC now owns 142,667 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 139,777 shares in the last quarter. Finally, IHT Wealth Management LLC raised its holdings in shares of Delta Air Lines by 45.6% in the 1st quarter. IHT Wealth Management LLC now owns 3,068 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 961 shares in the last quarter. Institutional investors and hedge funds own 87.25% of the company’s stock.

Delta Air Lines Company Profile

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 route network is centered on a system of hubs, international gateways, and airports 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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