Delta Air Lines (NYSE:DAL) had its target price boosted by Buckingham Research from $71.00 to $74.00 in a research report released on Friday, BenzingaRatingsTable reports. They currently have a buy rating on the transportation company’s stock.

Several other brokerages have also recently commented on DAL. Zacks Investment Research upgraded shares of GCP Applied Technologies from a sell rating to a hold rating in a research report on Friday, May 31st. Stifel Nicolaus boosted their price target on shares of Rapid7 from $52.00 to $58.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Imperial Capital decreased their price target on shares of Montage Resources from $9.00 to $6.00 and set an inline rating for the company in a report on Wednesday, July 10th. Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the company a buy rating in a report on Friday. Finally, Credit Suisse Group boosted their price target on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an outperform rating in a report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $67.24.

DAL stock opened at $61.65 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $56.03. Delta Air Lines has a fifty-two week low of $45.08 and a fifty-two week high of $62.24. The company has a market cap of $40.08 billion, a PE ratio of 10.91, a PEG ratio of 0.48 and a beta of 1.18.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion during the quarter, compared to analysts’ expectations of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. On average, equities research analysts anticipate that Delta Air Lines will post 6.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be paid a $0.4025 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 dividend on an annualized basis and a yield of 2.61%. Delta Air Lines’s dividend payout ratio is presently 24.78%.

In related news, EVP Peter W. Carter sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $58.01, for a total value of $1,450,250.00. Following the completion of the transaction, the executive vice president now directly owns 85,295 shares of the company’s stock, valued at approximately $4,947,962.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven M. Sear sold 8,993 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the transaction, the insider now owns 76,150 shares of the company’s stock, valued at $4,056,510.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,003 shares of company stock valued at $3,709,180. Company insiders own 0.47% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Pineno Levin & Ford Asset Management Inc. raised its holdings in shares of Delta Air Lines by 0.4% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,643 shares of the transportation company’s stock valued at $2,719,000 after purchasing an additional 190 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Delta Air Lines by 14.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,772 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 217 shares during the period. Keystone Financial Group raised its holdings in shares of Delta Air Lines by 5.6% in the 1st quarter. Keystone Financial Group now owns 4,433 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 234 shares during the period. Pinnacle Bank raised its holdings in shares of Delta Air Lines by 12.1% in the 2nd quarter. Pinnacle Bank now owns 2,184 shares of the transportation company’s stock valued at $124,000 after purchasing an additional 235 shares during the period. Finally, First Manhattan Co. raised its holdings in shares of Delta Air Lines by 39.7% in the 1st quarter. First Manhattan Co. now owns 838 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 238 shares during the period. Institutional investors own 87.21% 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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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