Delta Air Lines (NYSE:DAL) had its price target lifted by Imperial Capital from $61.00 to $63.00 in a research note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage currently has an in-line rating on the transportation company’s stock. Imperial Capital also issued estimates for Delta Air Lines’ Q2 2019 earnings at $2.25 EPS, Q3 2019 earnings at $2.20 EPS, Q4 2019 earnings at $1.56 EPS, FY2019 earnings at $6.95 EPS, Q1 2020 earnings at $1.04 EPS, Q2 2020 earnings at $2.39 EPS, Q3 2020 earnings at $2.36 EPS, Q4 2020 earnings at $1.62 EPS and FY2020 earnings at $7.40 EPS.
A number of other equities research analysts also recently weighed in on DAL. Bank of America set a $152.00 price target on Caterpillar and gave the company a buy rating in a report on Thursday, April 4th. Raymond James boosted their price target on Delta Air Lines from $60.00 to $68.00 and gave the company an outperform rating in a report on Thursday, April 11th. Wolfe Research set a $68.00 price target on Delta Air Lines and gave the company a buy rating in a report on Wednesday, July 3rd. Buckingham Research boosted their price target on Delta Air Lines from $62.00 to $71.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Finally, Stephens reiterated an overweight rating and issued a $70.00 price target on shares of Delta Air Lines in a report on Wednesday, July 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of Buy and an average price target of $67.18.
Shares of DAL opened at $61.65 on Wednesday. The firm has a 50 day simple moving average of $56.03. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $62.24. The firm has a market cap of $39.40 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be paid a dividend of $0.4025 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 dividend on an annualized basis and a yield of 2.61%. Delta Air Lines’s dividend payout ratio is presently 24.78%.
In related news, CEO Edward H. Bastian sold 30,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer now directly owns 354,191 shares in the company, valued at approximately $20,365,982.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Peter W. Carter sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $58.01, for a total value of $1,450,250.00. Following the transaction, the executive vice president now owns 85,295 shares of the company’s stock, valued at $4,947,962.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,003 shares of company stock valued at $3,709,180. 0.47% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of DAL. Washington Trust Bank grew its stake in Delta Air Lines by 141.3% during the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock worth $25,000 after buying an additional 284 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Delta Air Lines in the first quarter worth $26,000. Northwest Wealth Management LLC bought a new position in shares of Delta Air Lines in the first quarter worth $26,000. Paragon Capital Management LLC bought a new position in shares of 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 in the first quarter worth $26,000. Hedge funds and other institutional investors own 87.21% 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 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.
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