Brokerages Set Delta Air Lines, Inc. (NYSE:DAL) PT at $61.37

Delta Air Lines, Inc. (NYSE:DAL) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.42.

A number of brokerages have issued reports on DAL. Barclays cut their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Raymond James cut their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 2nd. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Finally, Citigroup cut 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 report on Tuesday, March 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. WASHINGTON TRUST Co boosted its stake in Delta Air Lines by 7.5% during the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock worth $130,000 after buying an additional 150 shares during the period. Hemington Wealth Management boosted its stake in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares during the period. HighPoint Advisor Group LLC boosted its stake in Delta Air Lines by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after buying an additional 155 shares during the period. Mason & Associates Inc lifted its position in shares of Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after purchasing an additional 160 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after purchasing an additional 173 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 1.4%

Shares of DAL opened at $50.99 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 50 day simple moving average of $43.94 and a two-hundred day simple moving average of $56.24. The firm has a market cap of $33.29 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $13.85 billion. During the same period last year, the business earned $0.45 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s 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.