Delta Air Lines, Inc. (NYSE:DAL) has been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $67.65.

A number of brokerages have recently issued reports on DAL. Buckingham Research boosted their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, September 7th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Imperial Capital upped their price objective on shares of Delta Air Lines from $65.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Barclays cut their price objective on shares of Delta Air Lines from $73.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, July 16th.

Shares of Delta Air Lines stock traded up $0.41 during trading on Wednesday, reaching $57.51. The company’s stock had a trading volume of 5,333,300 shares, compared to its average volume of 6,936,212. The stock has a market cap of $39.69 billion, a PE ratio of 11.66, a PEG ratio of 0.51 and a beta of 1.06. Delta Air Lines has a 52 week low of $47.12 and a 52 week high of $60.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 12th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.05. The company had revenue of $11.78 billion during the quarter, compared to analysts’ expectations of $11.73 billion. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. Delta Air Lines’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 earnings per share. equities research analysts predict that Delta Air Lines will post 5.59 earnings per share for the current fiscal year.

In related news, COO W Gilbert West sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief operating officer now owns 95,447 shares of the company’s stock, valued at $5,025,284.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $55.00, for a total value of $1,925,000.00. Following the transaction, the chief executive officer now directly owns 266,943 shares of the company’s stock, valued at approximately $14,681,865. The disclosure for this sale can be found here. Insiders have sold 117,787 shares of company stock valued at $6,276,276 in the last ninety days. 0.33% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Old Port Advisors acquired a new position in Delta Air Lines during the second quarter worth about $218,000. Rehmann Capital Advisory Group raised its stake in Delta Air Lines by 18.3% during the second quarter. Rehmann Capital Advisory Group now owns 7,858 shares of the transportation company’s stock worth $389,000 after acquiring an additional 1,216 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in Delta Air Lines during the second quarter worth about $3,797,000. Northern Trust Corp raised its stake in Delta Air Lines by 3.0% during the second quarter. Northern Trust Corp now owns 6,910,893 shares of the transportation company’s stock worth $342,366,000 after acquiring an additional 199,589 shares in the last quarter. Finally, Wealth & Pension Services Group Inc. acquired a new position in Delta Air Lines during the second quarter worth about $675,000. 87.25% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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