Delta Air Lines (NYSE:DAL) had its price objective boosted by Imperial Capital from $76.00 to $83.00 in a report released on Tuesday morning, Marketbeat reports. They currently have an outperform rating on the transportation company’s stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2018 earnings at $1.45 EPS, FY2018 earnings at $5.75 EPS, Q1 2019 earnings at $0.90 EPS, Q2 2019 earnings at $2.07 EPS, Q4 2019 earnings at $1.76 EPS, FY2019 earnings at $6.85 EPS and FY2020 earnings at $7.90 EPS.

Several other equities research analysts have also commented on the stock. Citigroup boosted their price objective on shares of Delta Air Lines from $64.00 to $68.00 and gave the stock a buy rating in a research report on Thursday, November 29th. Susquehanna Bancshares began coverage on shares of Delta Air Lines in a research report on Wednesday, November 28th. They issued a positive rating and a $69.00 price objective on the stock. Credit Suisse Group began coverage on shares of Delta Air Lines in a report on Monday, November 19th. They issued an outperform rating and a $71.00 target price on the stock. Goldman Sachs Group began coverage on shares of Delta Air Lines in a report on Monday, November 12th. They issued a neutral rating and a $64.00 target price on the stock. Finally, Deutsche Bank upgraded shares of Delta Air Lines from a hold rating to a buy rating and upped their target price for the company from $53.00 to $60.00 in a report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has an average rating of Buy and an average target price of $68.60.

Delta Air Lines stock opened at $58.08 on Tuesday. Delta Air Lines has a 52 week low of $48.52 and a 52 week high of $61.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37. The stock has a market capitalization of $39.04 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.65 and a beta of 0.93.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The business had revenue of $11.95 billion for the quarter, compared to analyst estimates of $11.96 billion. During the same period in the previous year, the firm earned $1.57 EPS. Analysts forecast that Delta Air Lines will post 5.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.40 dividend on an annualized basis and a yield of 2.41%. Delta Air Lines’s dividend payout ratio (DPR) is 28.40%.

A number of large investors have recently added to or reduced their stakes in DAL. Pineno Levin & Ford Asset Management Inc. lifted 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 acquiring an additional 930 shares during the period. Comerica Bank lifted its holdings in shares of Delta Air Lines by 0.6% during the 2nd quarter. Comerica Bank now owns 177,061 shares of the transportation company’s stock worth $9,056,000 after acquiring an additional 976 shares during the period. Motley Fool Asset Management LLC lifted its holdings in shares of Delta Air Lines by 15.2% during the 2nd quarter. Motley Fool Asset Management LLC now owns 7,564 shares of the transportation company’s stock worth $375,000 after acquiring an additional 997 shares during the period. Telemus Capital LLC lifted its holdings in shares of Delta Air Lines by 14.0% during the 3rd quarter. Telemus Capital LLC now owns 8,140 shares of the transportation company’s stock worth $471,000 after acquiring an additional 1,000 shares during the period. Finally, Trust Investment Advisors lifted its holdings in shares of Delta Air Lines by 3.9% during the 3rd quarter. Trust Investment Advisors now owns 26,435 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 87.66% of the company’s stock.

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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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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