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Delta Air Lines (NYSE:DAL – Free Report) had its price target upped by Barclays from $58.00 to $65.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.
A number of other research firms have also recently commented on DAL. Morgan Stanley boosted their target price on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday. Jefferies Financial Group reissued a “hold” rating and set a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Dbs Bank cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, Raymond James Financial reduced their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.69.
Get Our Latest Analysis on Delta Air Lines
Delta Air Lines Price Performance
DAL opened at $56.72 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. Delta Air Lines has a 52-week low of $34.74 and a 52-week high of $69.98. The company has a 50 day moving average of $49.43 and a two-hundred day moving average of $52.60. The company has a market cap of $37.04 billion, a P/E ratio of 8.22, a P/E/G ratio of 2.43 and a beta of 1.49.
Delta Air Lines (NYSE:DAL – Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company had revenue of $15,507,000 billion during the quarter, compared to the consensus estimate of $16.16 billion. During the same period in the previous year, the firm earned $2.36 earnings per share. Delta Air Lines’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect that Delta Air Lines will post 7.63 earnings per share for the current year.
Delta Air Lines Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.32%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines’s dividend payout ratio is 8.70%.
Institutional Trading of Delta Air Lines
Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Preservation Advisors LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $31,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Delta Air Lines during the first quarter worth $33,000. Graney & King LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $34,000. Finally, Continuum Advisory LLC raised its holdings in shares of Delta Air Lines by 44.2% during the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock worth $35,000 after purchasing an additional 179 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.
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.
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