Shares of Delta Air Lines, Inc. (NYSE:DAL) have been given an average recommendation of “Buy” by the twenty brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $69.36.
DAL has been the topic of a number of research analyst reports. Imperial Capital increased their price target on Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Citigroup increased their price target on Delta Air Lines from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, November 29th. Susquehanna Bancshares initiated coverage on Delta Air Lines in a research note on Wednesday, November 28th. They issued a “positive” rating and a $69.00 price target on the stock. Finally, Goldman Sachs Group initiated coverage on Delta Air Lines in a research note on Monday, November 12th. They issued a “neutral” rating and a $64.00 price target on the stock.
NYSE DAL traded down $2.01 during trading on Monday, hitting $56.07. The stock had a trading volume of 8,192,104 shares, compared to its average volume of 6,314,783. The stock has a market capitalization of $39.82 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.66 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37. Delta Air Lines has a 12 month low of $48.52 and a 12 month high of $61.32.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.06. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. The company had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.96 billion. During the same quarter in the prior year, the business posted $1.57 EPS. On average, equities research analysts forecast that Delta Air Lines will post 5.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Tuesday, November 6th. Delta Air Lines’s dividend payout ratio is 28.40%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Pineno Levin & Ford Asset Management Inc. grew its holdings in shares of Delta Air Lines by 1.8% during the 3rd quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,163 shares of the transportation company’s stock worth $3,017,000 after purchasing an additional 930 shares in the last quarter. Comerica Bank boosted its stake in Delta Air Lines by 0.6% in the second quarter. Comerica Bank now owns 177,061 shares of the transportation company’s stock valued at $9,056,000 after buying an additional 976 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in Delta Air Lines by 15.2% in the second quarter. Motley Fool Asset Management LLC now owns 7,564 shares of the transportation company’s stock valued at $375,000 after buying an additional 997 shares in the last quarter. Telemus Capital LLC boosted its stake in Delta Air Lines by 14.0% in the third quarter. Telemus Capital LLC now owns 8,140 shares of the transportation company’s stock valued at $471,000 after buying an additional 1,000 shares in the last quarter. Finally, Trust Investment Advisors boosted its stake in Delta Air Lines by 3.9% in the third quarter. Trust Investment Advisors now owns 26,435 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 1,000 shares in the last quarter. 87.66% of the stock is currently owned by hedge funds and other institutional investors.
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 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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