Delta Air Lines (NYSE:DAL) Upgraded to “Buy” by ValuEngine
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of GCP Applied Technologies from a sell rating to a hold rating in a research report on Friday, May 31st. Stephens reaffirmed an overweight rating and set a $70.00 price target on shares of Delta Air Lines in a research report on Wednesday, July 3rd. Raymond James set a $19.00 price target on shares of Patterson-UTI Energy and gave the company a buy rating in a research report on Friday, July 12th. Stifel Nicolaus lifted their price target on shares of Rapid7 from $52.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Finally, Citigroup lifted their price target on shares of Vistra Energy from $32.00 to $36.00 and gave the company a buy rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Delta Air Lines has a consensus rating of Buy and an average target price of $67.56.
Delta Air Lines stock opened at $60.91 on Wednesday. Delta Air Lines has a 1 year low of $45.08 and a 1 year high of $63.27. The firm has a 50 day moving average of $57.18. The stock has a market capitalization of $39.60 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 0.49 and a beta of 1.18. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 2.64%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, July 24th. Delta Air Lines’s payout ratio is 24.78%.
In other news, CEO Edward H. Bastian sold 30,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer now directly owns 354,191 shares of the company’s stock, valued at $20,365,982.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William C. Carroll sold 6,384 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $61.96, for a total transaction of $395,552.64. Following the transaction, the senior vice president now directly owns 23,010 shares in the company, valued at $1,425,699.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,387 shares of company stock worth $7,256,233. 0.47% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of DAL. Washington Trust Bank lifted its position in shares of Delta Air Lines by 141.3% during the first quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock worth $25,000 after purchasing an additional 284 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Delta Air Lines during the first quarter worth $26,000. Northwest Wealth Management LLC acquired a new position in shares of Delta Air Lines during the first quarter worth $26,000. Paragon Capital Management LLC acquired a new position in shares of Delta Air Lines during the first quarter worth $26,000. Finally, Kistler Tiffany Companies LLC acquired a new position in shares of Delta Air Lines during the first quarter worth $26,000. 87.21% of the stock is currently owned by institutional investors and hedge funds.
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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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