Delta Air Lines, Inc. (NYSE:DAL) has been assigned a consensus rating of “Buy” from the twenty analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, fifteen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $61.28.

Several brokerages have recently weighed in on DAL. Cowen and Company raised their price target on Delta Air Lines from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Evercore ISI restated an “outperform” rating and set a $66.00 price target on shares of Delta Air Lines in a report on Friday, July 14th. Imperial Capital raised their price target on Delta Air Lines from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday, July 11th. ValuEngine downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Thursday, July 13th.

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In other news, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total value of $199,800.00. Following the sale, the executive vice president now directly owns 77,223 shares in the company, valued at $4,170,042. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 384,000 shares of company stock worth $30,720 and have sold 126,831 shares worth $6,703,732. 0.37% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in DAL. Simmons Bank bought a new position in Delta Air Lines during the second quarter valued at $230,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Delta Air Lines by 12,457.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 175,799 shares of the transportation company’s stock valued at $9,448,000 after buying an additional 174,399 shares in the last quarter. Moors & Cabot Inc. increased its position in Delta Air Lines by 5.4% in the second quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock valued at $316,000 after buying an additional 302 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Delta Air Lines by 205.4% in the second quarter. Cubist Systematic Strategies LLC now owns 68,825 shares of the transportation company’s stock valued at $3,699,000 after buying an additional 46,289 shares in the last quarter. Finally, PointState Capital LP bought a new position in Delta Air Lines during the second quarter valued at $106,866,000. 87.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Delta Air Lines (DAL) opened at 50.07 on Tuesday. The company has a market cap of $36.45 billion, a price-to-earnings ratio of 9.92 and a beta of 1.20. The stock has a 50 day moving average of $52.32 and a 200 day moving average of $49.45. Delta Air Lines has a 1-year low of $35.90 and a 1-year high of $55.75.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 EPS. On average, equities analysts forecast that Delta Air Lines will post $5.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a $0.305 dividend. The ex-dividend date of this dividend is Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a yield of 2.44%. Delta Air Lines’s payout ratio is currently 16.10%.

Delta Air Lines Company Profile

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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