Delta Air Lines, Inc. (DAL) Raised to Strong-Buy at ValuEngine

Delta Air Lines, Inc. (NYSE:DAL) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Several other analysts also recently weighed in on DAL. Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price objective for the company. in a report on Thursday, June 1st. Atlantic Securities assumed coverage on Delta Air Lines in a report on Tuesday. They issued an “overweight” rating and a $68.00 price objective for the company. Imperial Capital restated an “in-line” rating and issued a $52.00 price objective (up from $44.00) on shares of Delta Air Lines in a report on Friday, March 3rd. Sanford C. Bernstein restated a “market perform” rating and issued a $44.00 price objective on shares of Delta Air Lines in a report on Friday, March 3rd. Finally, Cowen and Company restated an “outperform” rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Monday, March 6th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $54.26.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (DAL) traded down 1.190% during mid-day trading on Tuesday, hitting $51.885. 5,254,884 shares of the stock were exchanged. The stock has a market cap of $37.77 billion, a price-to-earnings ratio of 9.569 and a beta of 1.13. The stock has a 50 day moving average of $49.93 and a 200-day moving average of $48.80. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $53.57.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. Delta Air Lines had a return on equity of 28.67% and a net margin of 10.19%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 earnings per share. Equities analysts predict that Delta Air Lines will post $5.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were paid a dividend of $0.2025 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.54%. Delta Air Lines’s payout ratio is 15.06%.

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In other news, COO W Gilbert West sold 26,131 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the sale, the chief operating officer now owns 89,232 shares in the company, valued at $4,503,539.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $48.55, for a total value of $1,213,750.00. Following the sale, the chief executive officer now owns 285,508 shares in the company, valued at approximately $13,861,413.40. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 356,665 shares of company stock worth $278,020 and have sold 55,606 shares worth $2,753,289. 0.75% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $100,000. Tompkins Financial Corp acquired a new stake in shares of Delta Air Lines during the first quarter worth $107,000. TrimTabs Asset Management LLC raised its stake in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after buying an additional 793 shares during the last quarter. Institutional investors and hedge funds own 86.82% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DAL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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