Vetr upgraded shares of Delta Air Lines (NYSE:DAL) from a strong sell rating to a sell rating in a research note published on Wednesday. They currently have $49.97 price objective on the transportation company’s stock.

Several other equities research analysts have also recently commented on the company. Deutsche Bank cut their target price on Delta Air Lines from $62.00 to $59.00 and set a buy rating on the stock in a research note on Wednesday, September 6th. Zacks Investment Research upgraded Delta Air Lines from a sell rating to a hold rating in a research note on Friday, November 10th. Morgan Stanley restated an overweight rating on shares of Delta Air Lines in a research note on Tuesday, September 12th. Cowen boosted their target price on Delta Air Lines from $62.00 to $66.00 and gave the company an outperform rating in a research note on Friday, December 15th. Finally, ValuEngine upgraded Delta Air Lines from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Delta Air Lines currently has a consensus rating of Buy and a consensus price target of $64.12.

Delta Air Lines (DAL) opened at $55.97 on Wednesday. Delta Air Lines has a 1-year low of $43.81 and a 1-year high of $56.84. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $39,910.00, a PE ratio of 11.22, a PEG ratio of 1.78 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the previous year, the business posted $1.70 EPS. Delta Air Lines’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts forecast that Delta Air Lines will post 4.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, November 16th. Delta Air Lines’s dividend payout ratio is currently 24.45%.

In other news, EVP Joanne D. Smith sold 894 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $56.50, for a total transaction of $50,511.00. Following the sale, the executive vice president now owns 72,393 shares in the company, valued at approximately $4,090,204.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven M. Sear sold 6,898 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 449,198 shares of company stock worth $24,427,525. Company insiders own 0.37% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Roundview Capital LLC increased its holdings in shares of Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after acquiring an additional 15 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of Delta Air Lines by 3.4% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,449 shares of the transportation company’s stock worth $239,000 after acquiring an additional 147 shares during the last quarter. Miles Capital Inc. increased its holdings in shares of Delta Air Lines by 2.6% during the 2nd quarter. Miles Capital Inc. now owns 6,138 shares of the transportation company’s stock worth $330,000 after acquiring an additional 157 shares during the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Delta Air Lines by 40.9% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares during the last quarter. 85.01% of the stock is currently owned by institutional investors and hedge funds.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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