Analysts Set Delta Air Lines, Inc. (NYSE:DAL) PT at $58.29

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) has received a consensus rating of "Buy" from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $58.29.

Several equities research analysts recently issued reports on the company. TheStreet raised Delta Air Lines from a "c+" rating to a "b-" rating in a research note on Thursday, January 4th. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. Susquehanna lifted their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a research note on Tuesday, April 9th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th.

Insider Transactions at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Edward H. Bastian sold 71,840 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the business's stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 245,913 shares of company stock worth $11,397,335. Company insiders own 0.89% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC increased its holdings in Delta Air Lines by 10.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company's stock valued at $382,000 after purchasing an additional 969 shares during the period. International Assets Investment Management LLC increased its holdings in Delta Air Lines by 132.3% during the 4th quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company's stock valued at $18,777,000 after purchasing an additional 265,852 shares during the period. Capital Advisors Inc. OK purchased a new position in Delta Air Lines during the 4th quarter valued at about $4,241,000. Meeder Asset Management Inc. increased its holdings in Delta Air Lines by 325.5% during the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company's stock valued at $3,124,000 after purchasing an additional 59,398 shares during the period. Finally, U S Global Investors Inc. increased its holdings in Delta Air Lines by 21.1% during the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company's stock valued at $178,400,000 after purchasing an additional 773,636 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded down $0.36 during trading hours on Tuesday, reaching $50.09. The company had a trading volume of 11,060,959 shares, compared to its average volume of 10,872,689. The firm has a market cap of $32.32 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.43. Delta Air Lines has a one year low of $30.60 and a one year high of $50.74. The business has a fifty day simple moving average of $45.42 and a 200 day simple moving average of $40.46. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. On average, analysts anticipate that Delta Air Lines will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Delta Air Lines's dividend payout ratio is currently 5.14%.

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 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.