Shares of Delta Air Lines, Inc. (NYSE:DAL) have been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $63.74.

DAL has been the subject of several research reports. Vetr cut shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective for the company. in a research note on Wednesday, November 29th. UBS reaffirmed a “buy” rating and set a $62.00 price objective (down previously from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. J P Morgan Chase & Co upped their price objective on shares of Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st.

In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $53.61, for a total value of $1,815,395.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock worth $12,684,903 over the last quarter. 0.37% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of DAL. Bessemer Group Inc. lifted its holdings in shares of Delta Air Lines by 104.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after acquiring an additional 1,298 shares during the last quarter. Beach Investment Management LLC. lifted its holdings in shares of Delta Air Lines by 1,780.1% in the 2nd quarter. Beach Investment Management LLC. now owns 352,330 shares of the transportation company’s stock worth $18,934,000 after acquiring an additional 333,590 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 0.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 48,053 shares of the transportation company’s stock worth $2,582,000 after acquiring an additional 288 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Delta Air Lines by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 1,205,332 shares of the transportation company’s stock worth $64,777,000 after acquiring an additional 38,449 shares during the last quarter. Finally, BB&T Securities LLC lifted its holdings in shares of Delta Air Lines by 135.4% in the 2nd quarter. BB&T Securities LLC now owns 61,753 shares of the transportation company’s stock worth $3,318,000 after acquiring an additional 35,519 shares during the last quarter. Hedge funds and other institutional investors own 85.24% of the company’s stock.

Shares of Delta Air Lines (NYSE DAL) opened at $56.10 on Monday. Delta Air Lines has a one year low of $43.81 and a one year high of $56.49. The stock has a market cap of $39,997.79, a PE ratio of 11.69, a P/E/G ratio of 1.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the prior year, the company earned $1.70 EPS. Delta Air Lines’s revenue was up 5.5% compared to the same quarter last year. equities analysts expect that Delta Air Lines will post 4.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a $0.305 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.22 annualized dividend and a yield of 2.17%. Delta Air Lines’s payout ratio is 24.50%.

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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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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