Stifel Nicolaus Raises Delta Air Lines (DAL) Price Target to $85.00

Delta Air Lines (NYSE:DAL) had its target price raised by Stifel Nicolaus from $80.00 to $85.00 in a report issued on Wednesday, April 3rd, The Fly reports. The firm currently has a buy rating on the transportation company’s stock.

DAL has been the topic of several other reports. Zacks Investment Research downgraded Delta Air Lines from a buy rating to a hold rating in a report on Thursday, January 10th. Bank of America cut Delta Air Lines from a buy rating to a neutral rating and dropped their target price for the company from $62.00 to $51.00 in a research report on Monday, January 14th. Stephens set a $63.00 target price on Delta Air Lines and gave the company a buy rating in a research report on Tuesday, April 2nd. Deutsche Bank cut Delta Air Lines from a buy rating to a hold rating and set a $49.58 target price on the stock. in a research report on Friday, March 1st. Finally, Credit Suisse Group reaffirmed a buy rating and set a $71.00 target price on shares of Delta Air Lines in a research report on Monday, December 17th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $66.21.

DAL traded up $0.40 during trading on Wednesday, hitting $57.11. 3,549,400 shares of the stock were exchanged, compared to its average volume of 7,960,929. The company has a market capitalization of $38.15 billion, a P/E ratio of 10.11, a PEG ratio of 0.70 and a beta of 1.08. Delta Air Lines has a 1 year low of $45.08 and a 1 year high of $61.32. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The company had revenue of $10.47 billion for the quarter, compared to the consensus estimate of $10.39 billion. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. During the same period last year, the business posted $0.74 EPS. Equities analysts anticipate that Delta Air Lines will post 6.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 2nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.45%. Delta Air Lines’s payout ratio is 24.78%.

In related news, COO W Gilbert West sold 36,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $51.51, for a total value of $1,854,360.00. Following the completion of the transaction, the chief operating officer now owns 100,799 shares in the company, valued at approximately $5,192,156.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Berkshire Hathaway Inc bought 2,345,077 shares of Delta Air Lines stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of $49.37 per share, with a total value of $115,776,451.49. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,559,723 shares of company stock valued at $176,077,837 and sold 166,901 shares valued at $9,186,138. 0.33% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Usca Ria LLC raised its stake in shares of Delta Air Lines by 3.7% during the 4th quarter. Usca Ria LLC now owns 26,577 shares of the transportation company’s stock valued at $1,326,000 after buying an additional 950 shares during the last quarter. South Texas Money Management Ltd. raised its stake in shares of Delta Air Lines by 5.8% during the 4th quarter. South Texas Money Management Ltd. now owns 652,197 shares of the transportation company’s stock valued at $32,545,000 after buying an additional 35,740 shares during the last quarter. Putnam Investments LLC raised its stake in shares of Delta Air Lines by 0.4% during the 3rd quarter. Putnam Investments LLC now owns 858,663 shares of the transportation company’s stock valued at $49,657,000 after buying an additional 3,178 shares during the last quarter. Northern Oak Wealth Management Inc. raised its stake in shares of Delta Air Lines by 4,597.8% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 57,924 shares of the transportation company’s stock valued at $2,890,000 after buying an additional 56,691 shares during the last quarter. Finally, Northwest Bancshares Inc. raised its stake in shares of Delta Air Lines by 13.2% during the 1st quarter. Northwest Bancshares Inc. now owns 46,839 shares of the transportation company’s stock valued at $2,419,000 after buying an additional 5,449 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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