Barclays Issues Positive Forecast for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL - Free Report) had its price target lifted by Barclays from $58.00 to $65.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the transportation company's stock.

Several other brokerages have also issued reports on DAL. Bank of America cut their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Morgan Stanley upped their price target on shares of Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday. Susquehanna reduced their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Wall Street Zen lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, UBS Group reduced their price target on Delta Air Lines from $66.00 to $63.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.69.

Delta Air Lines Price Performance

NYSE:DAL traded down $0.06 during trading hours on Friday, hitting $56.72. The stock had a trading volume of 17,769,124 shares, compared to its average volume of 9,923,060. The company has a 50 day simple moving average of $49.43 and a two-hundred day simple moving average of $52.74. The firm has a market capitalization of $37.04 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 2.44 and a beta of 1.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. Delta Air Lines has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The business had revenue of $15,507,000 billion during the quarter, compared to analysts' expectations of $16.16 billion. During the same period in the previous year, the business earned $2.36 earnings per share. The firm's revenue was down .1% on a year-over-year basis. Research analysts forecast that Delta Air Lines will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be given a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.75 annualized dividend and a dividend yield of 1.32%. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio is currently 10.64%.

Hedge Funds Weigh In On Delta Air Lines

A number of institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares during the last quarter. Graney & King LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter worth $34,000. Continuum Advisory LLC increased its holdings in shares of Delta Air Lines by 44.2% during the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after acquiring an additional 179 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Delta Air Lines in the 1st quarter worth about $31,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Delta Air Lines in the 4th quarter worth about $45,000. Institutional investors own 69.93% 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 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.