Delta Air Lines, Inc. (DAL) Upgraded at ValuEngine
ValuEngine upgraded shares of Delta Air Lines, Inc. (NYSE:DAL) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.
Several other analysts also recently issued reports on the company. Vetr upgraded Delta Air Lines from a buy rating to a strong-buy rating and set a $52.43 price target for the company in a report on Monday, March 20th. Imperial Capital reiterated an in-line rating on shares of Delta Air Lines in a report on Friday, March 17th. Citigroup Inc. increased their price target on Delta Air Lines from $63.00 to $65.00 and gave the company a buy rating in a report on Friday, May 12th. Morgan Stanley reiterated an overweight rating on shares of Delta Air Lines in a report on Friday, April 7th. Finally, Evercore ISI upgraded Delta Air Lines from an in-line rating to an outperform rating and set a $56.00 price target for the company in a report on Thursday, March 16th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of Buy and a consensus price target of $54.26.
Delta Air Lines (NYSE DAL) opened at 52.92 on Tuesday. The company has a 50-day moving average price of $50.11 and a 200-day moving average price of $48.83. The stock has a market capitalization of $38.53 billion, a price-to-earnings ratio of 9.76 and a beta of 1.13. Delta Air Lines has a 12-month low of $32.60 and a 12-month high of $53.57.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. Delta Air Lines had a return on equity of 28.67% and a net margin of 10.19%. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same period in the prior year, the firm earned $1.32 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were paid a dividend of $0.2025 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.81 annualized dividend and a yield of 1.53%. Delta Air Lines’s dividend payout ratio (DPR) is 15.06%.
In related news, COO W Gilbert West sold 26,131 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the sale, the chief operating officer now owns 89,232 shares in the company, valued at $4,503,539.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the sale, the chief executive officer now owns 285,508 shares in the company, valued at approximately $13,861,413.40. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 427,665 shares of company stock worth $283,700 and have sold 55,606 shares worth $2,753,289. 0.75% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the company. Bank of The West raised its stake in Delta Air Lines by 1.4% in the first quarter. Bank of The West now owns 267,286 shares of the transportation company’s stock valued at $12,284,000 after buying an additional 3,782 shares during the period. Hanlon Investment Management Inc. acquired a new stake in Delta Air Lines during the fourth quarter valued at $2,816,000. Regent Investment Management LLC raised its stake in Delta Air Lines by 13.9% in the first quarter. Regent Investment Management LLC now owns 16,362 shares of the transportation company’s stock valued at $752,000 after buying an additional 2,000 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Delta Air Lines by 35.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 106,458 shares of the transportation company’s stock valued at $5,237,000 after buying an additional 28,063 shares during the period. Finally, Quantitative Investment Management LLC raised its stake in Delta Air Lines by 2.5% in the first quarter. Quantitative Investment Management LLC now owns 100,800 shares of the transportation company’s stock valued at $4,632,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 86.82% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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