Delta Air Lines, Inc. (DAL) Given Average Recommendation of “Buy” by Brokerages
Shares of Delta Air Lines, Inc. (NYSE:DAL) have received an average recommendation of “Buy” from the twenty brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $68.70.
A number of research analysts recently weighed in on DAL shares. Imperial Capital lifted their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Morgan Stanley lifted their price objective on shares of Delta Air Lines from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, April 20th. Cfra reiterated a “buy” rating and issued a $70.00 price objective on shares of Delta Air Lines in a research note on Monday, June 18th. ValuEngine lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Finally, Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 13th.
In other news, insider Steven M. Sear sold 10,247 shares of Delta Air Lines stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $54.35, for a total transaction of $556,924.45. Following the completion of the sale, the insider now directly owns 59,494 shares of the company’s stock, valued at approximately $3,233,498.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO W Gilbert West sold 17,250 shares of Delta Air Lines stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total transaction of $948,750.00. Following the sale, the chief operating officer now directly owns 119,447 shares of the company’s stock, valued at $6,569,585. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,497 shares of company stock valued at $3,543,174. Insiders own 0.33% of the company’s stock.
Shares of DAL stock traded down $0.77 during trading hours on Friday, hitting $49.83. 929,589 shares of the company were exchanged, compared to its average volume of 6,207,017. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.51. Delta Air Lines has a 52-week low of $44.59 and a 52-week high of $60.79. The firm has a market cap of $35.43 billion, a P/E ratio of 10.03 and a beta of 1.12.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the business posted $0.77 EPS. Delta Air Lines’s quarterly revenue was up 9.5% compared to the same quarter last year. equities analysts expect that Delta Air Lines will post 5.78 EPS for the current year.
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.
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