Delta Air Lines (NYSE:DAL) PT Raised to $65.00

Delta Air Lines (NYSE:DAL) had its target price upped by Morgan Stanley from $61.00 to $65.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. They currently have an equal weight rating on the transportation company’s stock.

DAL has been the topic of several other reports. Imperial Capital dropped their price target on Montage Resources from $9.00 to $6.00 and set an inline rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus lifted their price target on Rapid7 from $52.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Citigroup lifted their price target on Vistra Energy from $32.00 to $36.00 and gave the company a buy rating in a research report on Thursday, April 11th. Bank of America set a $152.00 price target on Caterpillar and gave the company a buy rating in a research report on Thursday, April 4th. Finally, Cowen restated an outperform rating and set a $69.00 price target (up from $67.00) on shares of Delta Air Lines in a research report on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Delta Air Lines has an average rating of Buy and a consensus target price of $67.24.

DAL opened at $61.70 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $62.41. The stock has a market capitalization of $40.12 billion, a PE ratio of 10.92, a PEG ratio of 0.48 and a beta of 1.18. The company’s 50 day simple moving average is $56.47.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The company had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Delta Air Lines will post 6.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 2.61%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, July 24th. Delta Air Lines’s payout ratio is 24.78%.

In other Delta Air Lines news, Director Michael P. Huerta sold 1,010 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $54.33, for a total value of $54,873.30. Following the sale, the director now directly owns 5,670 shares of the company’s stock, valued at $308,051.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven M. Sear sold 8,993 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total value of $479,057.11. Following the completion of the sale, the insider now directly owns 76,150 shares in the company, valued at $4,056,510.50. The disclosure for this sale can be found here. Insiders sold 65,003 shares of company stock worth $3,709,180 over the last three months. Corporate insiders own 0.47% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DAL. Washington Trust Bank boosted its holdings in Delta Air Lines by 141.3% in the first quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock worth $25,000 after acquiring an additional 284 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Delta Air Lines in the first quarter worth $26,000. Northwest Wealth Management LLC bought a new stake in Delta Air Lines in the first quarter worth $26,000. Paragon Capital Management LLC bought a new stake in Delta Air Lines in the first quarter worth $26,000. Finally, Kistler Tiffany Companies LLC bought a new position in shares of Delta Air Lines during the first quarter valued at $26,000. 87.21% of the stock is currently owned by institutional investors and hedge funds.

About Delta Air Lines

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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.