Delta Air Lines, Inc. (NYSE:DAL) Given Consensus Recommendation of “Buy” by Analysts

Delta Air Lines, Inc. (NYSE:DAL) has been assigned a consensus rating of “Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $59.85.

Several equities research analysts have issued reports on DAL shares. HSBC started coverage on shares of Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 price target on the stock. Citigroup upped their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Susquehanna upped their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Insiders sold 178,919 shares of company stock valued at $8,834,653 in the last quarter. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC purchased a new stake in Delta Air Lines during the 4th quarter worth about $27,000. Venturi Wealth Management LLC raised its holdings in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 575 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Delta Air Lines by 26,166.7% during the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after buying an additional 785 shares in the last quarter. Rise Advisors LLC raised its holdings in shares of Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after buying an additional 452 shares in the last quarter. Finally, Nordwand Advisors LLC purchased a new position in shares of Delta Air Lines during the 4th quarter valued at about $40,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $49.58 on Wednesday. The stock has a market capitalization of $31.99 billion, a P/E ratio of 6.37, a P/E/G ratio of 0.71 and a beta of 1.37. The business has a 50-day moving average of $50.36 and a two-hundred day moving average of $44.69. Delta Air Lines has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities research analysts predict that Delta Air Lines will post 6.66 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, May 13th. Delta Air Lines’s dividend payout ratio is 5.14%.

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 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.