Delta Air Lines, Inc. (NYSE:DAL) has been given a consensus recommendation of “Buy” by the twenty brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages 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. Stephens reissued a “buy” rating and set a $68.00 price objective on shares of Delta Air Lines in a report on Monday, October 1st. Morgan Stanley set a $65.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a report on Friday, October 5th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Citigroup dropped their price objective on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, October 3rd. Finally, Buckingham Research upped their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 7th.
A number of large investors have recently bought and sold shares of the business. Lansdowne Partners UK LLP raised its position in shares of Delta Air Lines by 9.6% during the 2nd quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after purchasing an additional 2,462,310 shares during the last quarter. Impala Asset Management LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $86,646,000. BlackRock Inc. grew its stake in shares of Delta Air Lines by 3.6% in the 3rd quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock valued at $2,137,290,000 after buying an additional 1,297,215 shares during the period. Investec Asset Management LTD grew its stake in shares of Delta Air Lines by 44.5% in the 2nd quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock valued at $185,386,000 after buying an additional 1,152,284 shares during the period. Finally, Morgan Stanley grew its stake in shares of Delta Air Lines by 19.9% in the 3rd quarter. Morgan Stanley now owns 5,237,434 shares of the transportation company’s stock valued at $302,881,000 after buying an additional 869,794 shares during the period. 87.66% of the stock is currently owned by institutional investors.
Shares of DAL traded down $2.01 during trading hours on Monday, reaching $56.07. 8,192,104 shares of the company traded hands, compared to its average volume of 6,314,783. The firm has a market capitalization of $39.82 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.66 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.31. 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 for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. The firm had revenue of $11.95 billion for the quarter, compared to analyst estimates of $11.96 billion. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. During the same period in the previous year, the company earned $1.57 earnings per share. As a group, research analysts anticipate that Delta Air Lines will post 5.55 EPS for the current fiscal year.
The firm also recently declared 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 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Tuesday, November 6th. Delta Air Lines’s payout ratio is 28.40%.
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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