Delta Air Lines, Inc. (NYSE:DAL) has been given an average recommendation of “Buy” by the twenty ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $65.35.

A number of research firms recently issued reports on DAL. Stephens set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Finally, Imperial Capital restated an “outperform” rating and issued a $65.00 target price (up from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th.

Shares of Delta Air Lines (NYSE DAL) traded down $0.77 during mid-day trading on Tuesday, hitting $50.46. The stock had a trading volume of 18,939,648 shares, compared to its average volume of 10,020,000. Delta Air Lines has a 12-month low of $43.81 and a 12-month high of $60.79. The firm has a market capitalization of $35,980.00, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.14. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. analysts forecast that Delta Air Lines will post 6.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.42%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.70%.

In other news, CEO Edward H. Bastian sold 73,211 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the transaction, the chief executive officer now owns 338,719 shares of the company’s stock, valued at approximately $18,981,812.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 363,447 shares of company stock valued at $20,591,693. Company insiders own 0.37% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC lifted its holdings in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares during the period. IHT Wealth Management LLC increased its stake in shares of Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares during the period. Moors & Cabot Inc. boosted its holdings in Delta Air Lines by 5.4% during the second quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock worth $316,000 after buying an additional 302 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Delta Air Lines by 6.1% during the second quarter. Coldstream Capital Management Inc. now owns 5,724 shares of the transportation company’s stock worth $308,000 after buying an additional 330 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Delta Air Lines by 0.3% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 123,951 shares of the transportation company’s stock worth $6,661,000 after buying an additional 400 shares in the last quarter. 85.09% of the stock is 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 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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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