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.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Delta Air Lines by 39.0% during the 1st quarter. Boston Partners now owns 11,791,533 shares of the transportation company’s stock worth $646,294,000 after acquiring an additional 3,306,568 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Delta Air Lines by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,801,731 shares of the transportation company’s stock worth $427,613,000 after acquiring an additional 22,535 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Delta Air Lines by 3.4% during the 1st quarter. Neuberger Berman Group LLC now owns 7,223,675 shares of the transportation company’s stock worth $395,930,000 after acquiring an additional 236,108 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Delta Air Lines by 5.3% during the 1st quarter. LSV Asset Management now owns 4,222,963 shares of the transportation company’s stock worth $231,460,000 after acquiring an additional 214,350 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Delta Air Lines by 116.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,536,013 shares of the transportation company’s stock worth $193,809,000 after acquiring an additional 1,905,873 shares during the last quarter. 86.35% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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