Delta Air Lines (DAL) Receives Consensus Rating of “Buy” from Brokerages

Shares of Delta Air Lines (NYSE:DAL) have been assigned an average recommendation of “Buy” from the twenty brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $68.79.

Several analysts have recently weighed in on the company. Morgan Stanley raised their target price on Delta Air Lines from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday. Stephens restated a “buy” rating and set a $72.00 target price on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Cowen restated a “buy” rating on shares of Delta Air Lines in a research note on Tuesday, April 3rd. Finally, Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price for the company in a research note on Wednesday, January 3rd.

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Shares of NYSE DAL opened at $55.40 on Friday. Delta Air Lines has a 12-month low of $44.59 and a 12-month high of $60.79. The firm has a market capitalization of $39,162.98, a P/E ratio of 11.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.39 and a quick ratio of 0.33.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. analysts forecast that Delta Air Lines will post 6.23 earnings per share for the current year.

In related news, CFO Paul A. Jacobson sold 31,638 shares of Delta Air Lines stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $59.64, for a total value of $1,886,890.32. Following the completion of the transaction, the chief financial officer now directly owns 388,608 shares in the company, valued at $23,176,581.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO W Gilbert West sold 17,250 shares of Delta Air Lines stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total value of $948,750.00. Following the completion of the transaction, the chief operating officer now owns 119,447 shares of the company’s stock, valued at $6,569,585. The disclosure for this sale can be found here. Insiders sold 57,888 shares of company stock valued at $3,340,180 over the last quarter. Insiders own 0.37% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in Delta Air Lines by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock worth $564,870,000 after purchasing an additional 956,945 shares in the last quarter. Boston Partners grew its stake in Delta Air Lines by 9.4% in the fourth quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock worth $475,158,000 after purchasing an additional 726,075 shares in the last quarter. Geode Capital Management LLC grew its stake in Delta Air Lines by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,454,092 shares of the transportation company’s stock worth $360,748,000 after purchasing an additional 201,722 shares in the last quarter. Alliancebernstein L.P. grew its stake in Delta Air Lines by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 5,553,117 shares of the transportation company’s stock worth $310,975,000 after purchasing an additional 20,851 shares in the last quarter. Finally, LSV Asset Management grew its stake in Delta Air Lines by 2.6% in the fourth quarter. LSV Asset Management now owns 4,008,613 shares of the transportation company’s stock worth $224,482,000 after purchasing an additional 101,300 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

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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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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