Delta Air Lines (NYSE:DAL) Price Target Raised to $55.00

Delta Air Lines (NYSE:DAL) had its price target boosted by Bank of America from $53.00 to $55.00 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

DAL has been the topic of several other reports. Morgan Stanley upped their price objective on Delta Air Lines from $77.00 to $85.00 and gave the company an overweight rating in a research report on Monday, April 1st. StockNews.com lowered Delta Air Lines from a buy rating to a hold rating in a research note on Thursday, February 22nd. TheStreet upgraded Delta Air Lines from a c+ rating to a b- rating in a research note on Thursday, January 4th. Susquehanna upped their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a positive rating in a research note on Tuesday, April 9th. Finally, UBS Group assumed coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a buy rating and a $59.00 target price for the company. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $58.29.

Delta Air Lines Stock Down 1.6 %

DAL opened at $46.86 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.34 and a current ratio of 0.41. Delta Air Lines has a one year low of $30.60 and a one year high of $49.81. The business’s fifty day moving average is $43.44 and its two-hundred day moving average is $39.37. The company has a market cap of $30.24 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.71 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Analysts anticipate that Delta Air Lines will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.85%. Delta Air Lines’s dividend payout ratio is presently 5.14%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

A number of large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in shares of Delta Air Lines by 10.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,817 shares of the transportation company’s stock valued at $134,000 after buying an additional 258 shares in the last quarter. Balboa Wealth Partners grew its stake in shares of Delta Air Lines by 3.3% in the fourth quarter. Balboa Wealth Partners now owns 8,146 shares of the transportation company’s stock valued at $328,000 after buying an additional 261 shares in the last quarter. Wahed Invest LLC grew its stake in shares of Delta Air Lines by 10.7% in the fourth quarter. Wahed Invest LLC now owns 2,748 shares of the transportation company’s stock valued at $111,000 after buying an additional 265 shares in the last quarter. Forum Financial Management LP grew its stake in shares of Delta Air Lines by 3.5% in the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock valued at $343,000 after buying an additional 292 shares in the last quarter. Finally, Navalign LLC grew its stake in shares of Delta Air Lines by 1.7% in the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after buying an additional 293 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.