Investment Analysts’ Weekly Ratings Changes for Delta Air Lines (DAL)

Delta Air Lines (NYSE: DAL) recently received a number of ratings updates from brokerages and research firms:

• 11/26/2024 – Delta Air Lines had its price target raised by analysts at Citigroup Inc. from $65.00 to $76.00. They now have a “buy” rating on the stock.
• 11/26/2024 – Delta Air Lines had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $88.00 price target on the stock.
• 11/21/2024 – Delta Air Lines had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $60.00 to $80.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Delta Air Lines had its “buy” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $83.00 price target on the stock.
• 11/14/2024 – Delta Air Lines had its price target raised by analysts at Barclays PLC from $60.00 to $90.00. They now have an “overweight” rating on the stock.
• 11/12/2024 – Delta Air Lines had its price target raised by analysts at TD Cowen from $59.00 to $75.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Delta Air Lines had its price target raised by analysts at Jefferies Financial Group Inc. from $58.00 to $72.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Delta Air Lines had its price target raised by analysts at Barclays PLC from $52.00 to $60.00. They now have an “overweight” rating on the stock.
• 10/11/2024 – Delta Air Lines had its price target raised by analysts at JPMorgan Chase & Co. from $68.00 to $80.00. They now have an “overweight” rating on the stock.
• 10/11/2024 – Delta Air Lines had its price target raised by analysts at Bank of America Co. from $55.00 to $60.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Delta Air Lines had its price target raised by analysts at Susquehanna from $50.00 to $59.00. They now have a “positive” rating on the stock.
• 10/8/2024 – Delta Air Lines had its price target raised by analysts at Sanford C. Bernstein from $62.00 to $65.00. They now have an “outperform” rating on the stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $63.83 on Wednesday. Delta Air Lines, Inc. has a 1-year low of $36.34 and a 1-year high of $66.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market cap of $41.19 billion, a P/E ratio of 8.87, a PEG ratio of 1.21 and a beta of 1.35. The firm has a 50-day moving average of $57.37 and a two-hundred day moving average of $49.64.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s payout ratio is presently 8.33%.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 in the last ninety days. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines during the third quarter worth about $31,000. Kimelman & Baird LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at approximately $31,000. Unique Wealth Strategies LLC bought a new stake in Delta Air Lines in the 2nd quarter valued at approximately $40,000. Finally, Quarry LP acquired a new position in Delta Air Lines during the 2nd quarter worth approximately $41,000. Institutional investors own 69.93% of the company’s stock.

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.