Delta Air Lines, Inc. (NYSE:DAL) Stock Has Average Target Price of $99.65

Shares of Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $99.65.

DAL has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Delta Air Lines in a research note on Monday, August 3rd. Cantor Fitzgerald set a $101.00 target price on shares of Delta Air Lines in a report on Friday, October 2nd. Zacks Research downgraded shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. BMO Capital Markets raised their price objective on shares of Delta Air Lines from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Finally, Susquehanna cut their price objective on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a research report on Monday, October 12th.

Check Out Our Latest Stock Analysis on Delta Air Lines

Insider Buying and Selling at Delta Air Lines

In other news, EVP Alain Bellemare sold 28,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $85.93, for a total value of $2,406,040.00. Following the completion of the sale, the executive vice president directly owned 80,025 shares in the company, valued at approximately $6,876,548.25. The trade was a 25.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Sear sold 17,768 shares of Delta Air Lines stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $88.95, for a total value of $1,580,463.60. Following the completion of the transaction, the executive vice president owned 86,636 shares in the company, valued at approximately $7,706,272.20. This represents a 17.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 140,718 shares of company stock valued at $12,100,089 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Delta Air Lines

Several institutional investors have recently modified their holdings of DAL. Markowski Investments acquired a new position in Delta Air Lines during the 2nd quarter worth approximately $27,000. Timbuktu Capital Management LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at $31,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Delta Air Lines by 164.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 367 shares of the transportation company’s stock valued at $31,000 after buying an additional 228 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of Delta Air Lines by 195.9% during the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after acquiring an additional 237 shares in the last quarter. Finally, Atlas Wealth LLC bought a new stake in shares of Delta Air Lines during the first quarter worth about $35,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE DAL opened at $86.09 on Wednesday. The firm’s 50 day moving average is $81.93 and its 200-day moving average is $77.66. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $56.64 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.27 and a beta of 1.43. Delta Air Lines has a 12-month low of $55.27 and a 12-month high of $95.68.

Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The business had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. During the same period last year, the business posted $1.71 EPS. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. Equities research analysts anticipate that Delta Air Lines will post 5.33 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th were issued a $0.2150 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s payout ratio is currently 17.17%.

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About Delta Air Lines

(Get Free Report)

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City. The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

Further Reading

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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