Delta Air Lines, Inc. (NYSE:DAL) Stock Has Consensus Target Price of $100.36

Delta Air Lines, Inc. (NYSE:DAL) has earned an average rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $100.40.

Several equities research analysts have issued reports on DAL shares. UBS Group lifted their price target on shares of Delta Air Lines from $99.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark restated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Citigroup raised their price objective on Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a report on Sunday, July 12th. Morgan Stanley raised their price objective on Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Finally, Argus set a $105.00 target price on Delta Air Lines in a research report on Tuesday, July 14th.

Delta Air Lines Trading Down 1.1%

NYSE:DAL opened at $84.00 on Tuesday. Delta Air Lines has a twelve month low of $55.03 and a twelve month high of $95.68. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $83.97 and a two-hundred day moving average price of $78.59. The company has a market cap of $55.24 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The company had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $2.10 earnings per share. As a group, analysts expect that Delta Air Lines will post 6.23 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be paid a $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, October 15th. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.26%.

Insider Activity

In other news, CEO Edward Bastian sold 206,510 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the sale, the chief executive officer owned 1,363,448 shares in the company, valued at $126,527,974.40. This represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David G. Dewalt sold 31,756 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $90.85, for a total value of $2,885,032.60. Following the completion of the sale, the director directly owned 22,358 shares of the company’s stock, valued at approximately $2,031,224.30. The trade was a 58.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 356,726 shares of company stock worth $33,081,037. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Delta Air Lines

A number of large investors have recently added to or reduced their stakes in DAL. Markowski Investments bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new position in Delta Air Lines during the fourth quarter worth about $31,000. Timbuktu Capital Management LLC acquired a new position in Delta Air Lines during the second quarter worth approximately $31,000. Elevation Wealth Partners LLC increased its position in Delta Air Lines by 195.9% during the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after buying an additional 237 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new position in Delta Air Lines during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger and air freight transportation. The company serves destinations throughout the United States and connects customers to international markets across Europe, Asia, Latin America, Canada, Africa and the Caribbean through its own operations and regional airline partners.

Delta offers multiple classes of passenger service, including premium cabins and its main cabin, along with travel-related products such as vacation packages and loyalty benefits through the SkyMiles program.