Delta Air Lines (DAL) Now Covered by Credit Suisse Group

Credit Suisse Group initiated coverage on shares of Delta Air Lines (NYSE:DAL) in a research note released on Monday, Marketbeat.com reports. The brokerage issued an outperform rating and a $71.00 price target on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Delta Air Lines from a hold rating to a sell rating in a report on Tuesday, July 31st. Imperial Capital boosted their target price on shares of Delta Air Lines from $65.00 to $71.00 and gave the stock an outperform rating in a report on Wednesday, August 22nd. ValuEngine raised shares of Delta Air Lines from a hold rating to a buy rating in a report on Tuesday, September 4th. Buckingham Research boosted their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a buy rating in a report on Friday, September 7th. Finally, Stephens reissued a buy rating and set a $68.00 target price on shares of Delta Air Lines in a report on Monday, October 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $67.93.

Shares of Delta Air Lines stock opened at $55.97 on Monday. The company has a market cap of $38.37 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37. Delta Air Lines has a 1 year low of $48.52 and a 1 year high of $60.79.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.06. The company had revenue of $11.95 billion for the quarter, compared to analyst estimates of $11.96 billion. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. During the same period in the previous year, the firm posted $1.57 EPS. Equities research analysts forecast that Delta Air Lines will post 5.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.50%. Delta Air Lines’s payout ratio is presently 28.40%.

In related news, Director William H. Easter III sold 3,000 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $58.47, for a total transaction of $175,410.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Delta Air Lines by 3.6% during the third quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock worth $2,137,290,000 after buying an additional 1,297,215 shares during the last quarter. Primecap Management Co. CA raised its holdings in Delta Air Lines by 1.2% during the third quarter. Primecap Management Co. CA now owns 28,555,011 shares of the transportation company’s stock worth $1,651,336,000 after buying an additional 347,641 shares during the last quarter. Lansdowne Partners UK LLP raised its holdings in Delta Air Lines by 9.6% during the second quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after buying an additional 2,462,310 shares during the last quarter. Boston Partners raised its holdings in Delta Air Lines by 5.2% during the second quarter. Boston Partners now owns 12,399,764 shares of the transportation company’s stock worth $614,285,000 after buying an additional 608,231 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Delta Air Lines by 3.0% during the second quarter. Northern Trust Corp now owns 6,910,893 shares of the transportation company’s stock worth $342,366,000 after buying an additional 199,589 shares during the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Recommended Story: Market Capitalization

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.

Leave a Reply