Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $80.8458.
A number of equities analysts recently commented on the company. Citigroup lifted their price target on Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. TD Cowen lifted their target price on Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wolfe Research decreased their target price on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Seaport Research Partners lifted their target price on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Jefferies Financial Group lifted their target price on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, April 13th.
Check Out Our Latest Research Report on Delta Air Lines
Delta Air Lines Stock Down 1.2%
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Sell-side analysts predict that Delta Air Lines will post 5.37 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s payout ratio is presently 10.93%.
Key Delta Air Lines News
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: The U.S. Department of Transportation closed its investigation into Delta’s handling of the 2024 global IT outage without seeking penalties, removing a potential overhang and reducing legal risk for the airline. US closes probe into 2024 Delta Air Lines meltdown sparked by CrowdStrike outage
- Positive Sentiment: Delta secured a new $2.65 billion undrawn revolving credit facility, which improves liquidity and supports the company’s financial flexibility if travel conditions weaken. Delta Air Lines (DAL) Stock Could Be 20% Below Fair Value After Liquidity Boost
- Positive Sentiment: Several market-watch articles continue to highlight Delta as an undervalued long-term stock, reflecting ongoing analyst and investor optimism about earnings prospects and valuation. Delta Air Lines (DAL) Might Drop Safran SA, Reports Bloomberg
- Neutral Sentiment: Bloomberg reported Delta may replace Safran as the supplier for new business-class suites on key transcontinental routes after delays, but this is more of an operational sourcing issue than an immediate earnings driver. Delta Air Lines (DAL) Might Drop Safran SA, Reports Bloomberg
- Neutral Sentiment: Delta’s recent share gains have been supported by broader airline optimism tied to easing geopolitical concerns and stronger industry sentiment, though the latest move in the stock has been modest. Delta Air Lines (DAL) Advances But Underperforms Market: Key Facts
- Negative Sentiment: Airline coverage noted that some Middle East route disruptions remain in place amid regional security concerns, which could continue to weigh on international operations if the situation worsens. Low-cost airline cancels all flights to country until October, refunds available
Insider Buying and Selling at Delta Air Lines
In other Delta Air Lines news, EVP Allison C. Ausband sold 9,710 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 149,635 shares of company stock worth $10,833,855 over the last ninety days. Company insiders own 0.80% of the company’s stock.
Hedge Funds Weigh In On Delta Air Lines
A number of hedge funds and other institutional investors have recently bought and sold shares of DAL. AlphaQuest LLC raised its holdings in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares during the last quarter. Accredited Wealth Management LLC raised its holdings in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after buying an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $31,000. SWAN Capital LLC raised its holdings in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $34,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.
About Delta Air Lines
Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.
The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.
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