Delta Air Lines (DAL) Price Target Raised to $83.00

Delta Air Lines (NYSE:DAL) had its target price raised by Imperial Capital from $76.00 to $83.00 in a report released on Tuesday morning, Marketbeat.com reports. They currently have an outperform rating on the transportation company’s stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2018 earnings at $1.45 EPS, FY2018 earnings at $5.75 EPS, Q1 2019 earnings at $0.90 EPS, Q2 2019 earnings at $2.07 EPS, Q4 2019 earnings at $1.76 EPS, FY2019 earnings at $6.85 EPS and FY2020 earnings at $7.90 EPS.

A number of other research analysts also recently issued reports on DAL. Macquarie set a $69.00 price target on shares of Delta Air Lines and gave the stock a buy rating in a research note on Monday, October 8th. ValuEngine downgraded shares of Delta Air Lines from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Citigroup assumed coverage on shares of Delta Air Lines in a research note on Wednesday, November 28th. They issued a positive rating and a $69.00 price target for the company. Susquehanna Bancshares assumed coverage on shares of Delta Air Lines in a research note on Wednesday, November 28th. They issued a positive rating and a $69.00 price target for the company. Finally, Bank of America set a $67.00 price target on shares of Delta Air Lines and gave the stock a buy rating in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $68.60.

Shares of DAL stock opened at $58.08 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $39.04 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.65 and a beta of 0.93. Delta Air Lines has a fifty-two week low of $48.52 and a fifty-two week high of $61.32.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. The firm had revenue of $11.95 billion during the quarter, compared to analysts’ expectations of $11.96 billion. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. During the same quarter in the previous year, the business posted $1.57 earnings per share. As a group, research analysts predict that Delta Air Lines will post 5.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.41%. Delta Air Lines’s dividend payout ratio is presently 28.40%.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Delta Air Lines by 3.6% during the 3rd quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock worth $2,137,290,000 after buying an additional 1,297,215 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Delta Air Lines by 1.2% during the 3rd quarter. Primecap Management Co. CA now owns 28,555,011 shares of the transportation company’s stock worth $1,651,336,000 after buying an additional 347,641 shares during the last quarter. Lansdowne Partners UK LLP lifted its position in shares of Delta Air Lines by 9.6% during the 2nd quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after buying an additional 2,462,310 shares during the last quarter. Boston Partners lifted its position in shares of Delta Air Lines by 5.2% during the 2nd quarter. Boston Partners now owns 12,399,764 shares of the transportation company’s stock worth $614,285,000 after buying an additional 608,231 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Delta Air Lines by 3.0% during the 2nd quarter. Northern Trust Corp now owns 6,910,893 shares of the transportation company’s stock worth $342,366,000 after buying an additional 199,589 shares during the last quarter. Institutional investors and hedge funds own 87.66% 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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