Delta Air Lines, Inc. (DAL) Given “Buy” Rating at Stifel Nicolaus
Stifel Nicolaus reaffirmed their buy rating on shares of Delta Air Lines, Inc. (NYSE:DAL) in a research note released on Friday morning. They currently have a $75.00 target price on the transportation company’s stock.
Several other research analysts have also recently issued reports on DAL. Barclays PLC assumed coverage on Delta Air Lines in a research report on Thursday, August 10th. They issued an overweight rating and a $70.00 target price on the stock. BidaskClub cut Delta Air Lines from a hold rating to a sell rating in a research report on Friday, August 4th. Wolfe Research raised Delta Air Lines from a market perform rating to an outperform rating in a research report on Friday, August 18th. They noted that the move was a valuation call. Vetr cut Delta Air Lines from a strong-buy rating to a buy rating and set a $55.68 target price on the stock. in a research report on Thursday, June 1st. Finally, Zacks Investment Research cut Delta Air Lines from a hold rating to a strong sell rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Delta Air Lines currently has a consensus rating of Buy and an average target price of $61.63.
Shares of Delta Air Lines (DAL) traded up 0.64% on Friday, hitting $48.47. 4,601,630 shares of the stock were exchanged. The company has a 50 day moving average of $48.31 and a 200 day moving average of $49.10. Delta Air Lines has a 52-week low of $37.48 and a 52-week high of $55.75. The company has a market cap of $35.29 billion, a price-to-earnings ratio of 9.61 and a beta of 1.25.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.02). The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. Equities research analysts forecast that Delta Air Lines will post $5.12 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were issued a $0.305 dividend. The ex-dividend date of this dividend was 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 2.52%. Delta Air Lines’s payout ratio is currently 24.25%.
In other news, Director George N. Mattson acquired 6,000 shares of Delta Air Lines stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $45.44 per share, with a total value of $272,640.00. Following the purchase, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the completion of the sale, the vice president now directly owns 7,437 shares in the company, valued at approximately $410,968.62. The disclosure for this sale can be found here. Over the last three months, insiders purchased 191,000 shares of company stock worth $287,440 and sold 75,700 shares worth $4,171,150. 0.37% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC bought a new stake in Delta Air Lines in the 1st quarter worth approximately $100,000. TrimTabs Asset Management LLC increased its stake in Delta Air Lines by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after acquiring an additional 1,136 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Delta Air Lines in the 2nd quarter worth approximately $114,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Delta Air Lines by 40.3% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after acquiring an additional 793 shares during the last quarter. Finally, Ruggie Capital Group increased its stake in Delta Air Lines by 1,187.0% in the 1st quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock worth $127,000 after acquiring an additional 2,552 shares during the last quarter. 86.26% of the stock is currently owned by institutional investors and hedge funds.
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.
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