ValuEngine upgraded shares of Delta Air Lines (NYSE:DAL) from a buy rating to a strong-buy rating in a research note released on Tuesday.
A number of other brokerages also recently issued reports on DAL. Imperial Capital reiterated an outperform rating and issued a $65.00 price target (up previously from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Zacks Investment Research downgraded shares of Delta Air Lines from a buy rating to a hold rating in a research note on Monday, March 19th. Morgan Stanley lifted their price target on shares of Delta Air Lines from $64.00 to $67.00 and gave the stock an overweight rating in a research note on Monday, March 19th. Stephens set a $67.00 price target on shares of Delta Air Lines and gave the stock a buy rating in a research note on Monday, December 18th. Finally, Sanford C. Bernstein 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, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $68.05.
Shares of Delta Air Lines stock opened at $55.40 on Tuesday. Delta Air Lines has a 52-week low of $44.59 and a 52-week high of $60.79. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $39,028.68, a P/E ratio of 11.24 and a beta of 1.08.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. equities research analysts anticipate that Delta Air Lines will post 6.22 EPS for the current fiscal year.
In other news, COO W Gilbert West sold 9,000 shares of Delta Air Lines stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.06, for a total value of $504,540.00. Following the transaction, the chief operating officer now directly owns 61,872 shares of the company’s stock, valued at approximately $3,468,544.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George N. Mattson bought 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the acquisition, the director now directly owns 66,510 shares in the company, valued at $3,451,203.90. The disclosure for this purchase can be found here. Insiders have sold a total of 57,888 shares of company stock valued at $3,340,180 in the last 90 days. Insiders own 0.37% of the company’s stock.
Several institutional investors have recently made changes to their positions in DAL. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $152,660,000. Mackenzie Financial Corp increased its holdings in shares of Delta Air Lines by 701.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,814,740 shares of the transportation company’s stock valued at $101,625,000 after acquiring an additional 1,588,380 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Delta Air Lines by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock valued at $564,870,000 after acquiring an additional 956,945 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Delta Air Lines by 163.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,321,294 shares of the transportation company’s stock valued at $73,992,000 after acquiring an additional 819,000 shares during the period. Finally, Cambiar Investors LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $41,568,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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