Delta Air Lines, Inc. (DAL) Given Consensus Recommendation of “Buy” by Brokerages

Delta Air Lines, Inc. (NYSE:DAL) has been given a consensus recommendation of “Buy” by the sixteen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $67.65.

Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 13th. ValuEngine downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Deutsche Bank dropped their target price on shares of Delta Air Lines from $73.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, June 7th. Stephens set a $65.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, July 13th. Finally, Stifel Nicolaus dropped their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 13th.

DAL stock traded up $0.41 during mid-day trading on Wednesday, hitting $57.51. 5,333,300 shares of the company were exchanged, compared to its average volume of 6,936,212. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40. The company has a market capitalization of $39.69 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.06. Delta Air Lines has a 1-year low of $47.12 and a 1-year high of $60.79.

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

In other news, Director William H. Easter III sold 3,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $58.47, for a total value of $175,410.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $55.00, for a total transaction of $1,925,000.00. Following the completion of the sale, the chief executive officer now owns 266,943 shares in the company, valued at $14,681,865. The disclosure for this sale can be found here. Insiders sold 117,787 shares of company stock worth $6,276,276 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in Delta Air Lines by 45.6% during the first quarter. IHT Wealth Management LLC now owns 3,068 shares of the transportation company’s stock worth $159,000 after buying an additional 961 shares during the last quarter. Comerica Bank increased its holdings in Delta Air Lines by 0.6% during the second quarter. Comerica Bank now owns 177,061 shares of the transportation company’s stock worth $9,056,000 after buying an additional 976 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in Delta Air Lines by 15.2% during the second quarter. Motley Fool Asset Management LLC now owns 7,564 shares of the transportation company’s stock worth $375,000 after buying an additional 997 shares during the last quarter. Strategic Advisors LLC increased its holdings in Delta Air Lines by 3.8% during the second quarter. Strategic Advisors LLC now owns 27,680 shares of the transportation company’s stock worth $1,371,000 after buying an additional 1,002 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Delta Air Lines by 19.1% during the second quarter. Bessemer Group Inc. now owns 6,537 shares of the transportation company’s stock worth $325,000 after buying an additional 1,047 shares during the last quarter. Institutional investors own 87.25% of the company’s stock.

About Delta Air Lines

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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