Delta Air Lines, Inc. (NYSE:DAL) Receives Consensus Rating of “Buy” from Analysts

Shares of Delta Air Lines, Inc. (NYSE:DALGet Free Report) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $57.50.

Several brokerages have commented on DAL. StockNews.com began coverage on shares of Delta Air Lines in a report on Thursday, August 17th. They set a “buy” rating on the stock. Barclays lifted their price objective on shares of Delta Air Lines from $55.00 to $58.00 in a report on Thursday, July 13th. Raymond James lifted their price objective on shares of Delta Air Lines from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Friday, July 14th. Morgan Stanley lifted their price objective on shares of Delta Air Lines from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 14th. Finally, 22nd Century Group reiterated a “maintains” rating on shares of Delta Air Lines in a report on Wednesday, June 28th.

Check Out Our Latest Research Report on DAL

Delta Air Lines Stock Performance

Shares of DAL stock opened at $39.90 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.41 and a current ratio of 0.46. The company has a market capitalization of $25.67 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 0.21 and a beta of 1.30. The company’s 50 day moving average price is $44.17 and its two-hundred day moving average price is $39.57. Delta Air Lines has a 52 week low of $27.20 and a 52 week high of $49.81.

Delta Air Lines (NYSE:DALGet Free Report) last announced its earnings results on Thursday, July 13th. The transportation company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.40 by $0.28. The firm had revenue of $15.58 billion for the quarter, compared to the consensus estimate of $14.44 billion. Delta Air Lines had a net margin of 5.36% and a return on equity of 59.56%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. On average, analysts expect that Delta Air Lines will post 6.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Peter W. Carter sold 7,056 shares of Delta Air Lines stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $45.00, for a total transaction of $317,520.00. Following the completion of the transaction, the executive vice president now directly owns 184,136 shares of the company’s stock, valued at $8,286,120. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Delta Air Lines news, EVP Peter W. Carter sold 7,056 shares of Delta Air Lines stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $45.00, for a total transaction of $317,520.00. Following the completion of the transaction, the executive vice president now directly owns 184,136 shares of the company’s stock, valued at $8,286,120. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael P. Huerta sold 3,350 shares of Delta Air Lines stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $48.43, for a total transaction of $162,240.50. Following the transaction, the director now directly owns 27,465 shares of the company’s stock, valued at $1,330,129.95. The disclosure for this sale can be found here. Insiders sold a total of 40,479 shares of company stock valued at $1,839,353 over the last ninety days. 0.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors have recently modified their holdings of the business. Candriam Luxembourg S.C.A. bought a new stake in shares of Delta Air Lines in the first quarter valued at about $502,000. Pacifica Partners Inc. raised its stake in Delta Air Lines by 117.6% in the first quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Sound Income Strategies LLC raised its stake in Delta Air Lines by 1,136.7% in the first quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 682 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in Delta Air Lines in the second quarter valued at about $36,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in Delta Air Lines in the fourth quarter valued at about $28,000. Institutional investors own 71.29% of the company’s stock.

About Delta Air Lines

(Get Free Report

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

See Also

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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