Shares of Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $48.88, but opened at $46.20. Delta Air Lines shares last traded at $46.83, with a volume of 3,949,988 shares.
Wall Street Analysts Forecast Growth
DAL has been the topic of a number of research reports. Susquehanna reduced their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a report on Tuesday, May 13th. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Raymond James reduced their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.08.
Read Our Latest Research Report on Delta Air Lines
Delta Air Lines Price Performance
The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $30.64 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. The stock's 50-day moving average is $45.94 and its two-hundred day moving average is $54.40.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.
Delta Air Lines Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Delta Air Lines's dividend payout ratio is currently 10.64%.
Hedge Funds Weigh In On Delta Air Lines
A number of hedge funds have recently added to or reduced their stakes in DAL. Brighton Jones LLC raised its holdings in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock valued at $555,000 after purchasing an additional 2,302 shares in the last quarter. Certuity LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $212,000. Van ECK Associates Corp boosted its stake in shares of Delta Air Lines by 123.7% during the fourth quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company's stock valued at $568,000 after purchasing an additional 5,194 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Finally, Avestar Capital LLC boosted its stake in shares of Delta Air Lines by 6.4% during the fourth quarter. Avestar Capital LLC now owns 7,472 shares of the transportation company's stock valued at $452,000 after purchasing an additional 448 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.
About Delta Air Lines
(
Get Free Report)
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.
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