1 week Ago By ABMN Staff
Delta Air Lines ( NYSE:DAL – Free Report ) had its price target reduced by Barclays from $80.00 to $58.00 in a research report report published on Tuesday, Benzinga reports.
They currently have an overweight rating on the transportation company’s stock. Several other research firms have also recently weighed in on DAL. Bank of America cut 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. TD Cowen lifted their target price on Delta Air Lines from $78.
00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. UBS Group lowered Delta Air Lines from a “buy” rating to a “neutral” rating and dropped their price target for the company from $77.
00 to $42.00 in a research note on Monday. The Goldman Sachs Group cut their price target on Delta Air Lines from $83.
00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Finally, Susquehanna decreased their price objective on Delta Air Lines from $80.
00 to $50.00 and set a “positive” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company.
Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.63. Check Out Our Latest Analysis on DAL Delta Air Lines Price Performance Delta Air Lines ( NYSE:DAL – Get Free Report ) last issued its earnings results on Friday, January 10th.
The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.
09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.
61%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.
20 billion. During the same quarter last year, the company earned $1.28 EPS.
The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that Delta Air Lines will post 7.
63 EPS for the current fiscal year. Delta Air Lines Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a $0.
15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.
68%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.
26%. Insiders Place Their Bets In other news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd.
The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50.
Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.
25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, SVP William C.
Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.
02. Following the sale, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at $660,455.04.
This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last 90 days. Insiders own 0.96% of the company’s stock.
Institutional Investors Weigh In On Delta Air Lines Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. Hemington Wealth Management raised its position in Delta Air Lines by 48.
1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth $29,000.
Crews Bank & Trust bought a new position in shares of Delta Air Lines during the 4th quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake 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 valued at $32,000 after buying an additional 431 shares during the period. Institutional investors own 69.93% of the company’s stock.
Delta Air Lines Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter .
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