Brokerages Set Delta Air Lines, Inc. (NYSE:DAL) PT at $75.83

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) has been given a consensus recommendation of "Buy" by the fourteen research firms that are covering the firm, Marketbeat reports. Thirteen research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $75.83.

Several analysts have recently weighed in on DAL shares. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Susquehanna boosted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Citigroup lifted their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Bank of America raised their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, October 11th.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock worth $8,044,893 over the last 90 days. Company insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the third quarter valued at $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines during the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth about $31,000. Strategic Financial Concepts LLC acquired a new position in shares of Delta Air Lines in the second quarter valued at approximately $36,000. Finally, Unique Wealth Strategies LLC purchased a new position in shares of Delta Air Lines during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Up 1.1 %

Shares of NYSE:DAL traded up $0.70 during trading hours on Wednesday, reaching $63.48. The stock had a trading volume of 7,098,805 shares, compared to its average volume of 9,236,354. The stock has a market capitalization of $40.96 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 1.23 and a beta of 1.35. The firm's 50 day moving average is $58.70 and its 200-day moving average is $50.06. Delta Air Lines has a 1 year low of $36.34 and a 1 year high of $67.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The firm's quarterly revenue was up 1.2% on a year-over-year basis. Research analysts predict that Delta Air Lines will post 6.08 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. Delta Air Lines's dividend payout ratio (DPR) is 8.33%.

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.