Delta Air Lines, Inc. (NYSE:DAL) Receives $61.37 Average Price Target from Analysts

Shares of Delta Air Lines, Inc. (NYSE:DAL) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $60.42.

A number of equities research analysts recently commented on the stock. Raymond James reduced their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Bank of America lowered their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. UBS Group lifted their price target on shares of Delta Air Lines from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Finally, Susquehanna reduced their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a report on Monday, April 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Donoghue Forlines LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $2,036,000. Mount Yale Investment Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter worth about $3,593,000. Global Financial Private Client LLC increased its stake in shares of Delta Air Lines by 562.0% during the 4th quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after purchasing an additional 9,559 shares during the last quarter. BluePath Capital Management LLC grew its stake in Delta Air Lines by 23.9% in the 4th quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock valued at $1,540,000 after buying an additional 4,567 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $244,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $51.21 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a market capitalization of $33.43 billion, a PE ratio of 9.61, a P/E/G ratio of 0.75 and a beta of 1.46. The company has a fifty day moving average of $43.95 and a two-hundred day moving average of $56.38.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was down 5.6% on a year-over-year basis. As a group, analysts expect that Delta Air Lines will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio is 10.64%.

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.