Analysts Set Delta Air Lines, Inc. (NYSE:DAL) PT at $93.60

Delta Air Lines, Inc. (NYSE:DAL) has earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $100.4043.

Several analysts recently weighed in on the stock. Cantor Fitzgerald set a $112.00 price objective on shares of Delta Air Lines in a research report on Tuesday. Bank of America upped their target price on shares of Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Seaport Research Partners raised their price target on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group boosted their price objective on Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $86.06 on Thursday. Delta Air Lines has a 1-year low of $50.44 and a 1-year high of $95.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. The business’s fifty day moving average price is $82.01 and its two-hundred day moving average price is $72.86. The firm has a market capitalization of $56.60 billion, a PE ratio of 14.27, a P/E/G ratio of 1.05 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.07. The company had revenue of $17.67 billion during 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 company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. On average, research analysts expect that Delta Air Lines will post 6.67 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 9th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is presently 14.26%.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at $7,738,836. This represents a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the transaction, the executive vice president directly owned 138,854 shares in the company, valued at approximately $10,552,904. The trade was a 6.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,331 shares of company stock valued at $5,036,638 in the last quarter. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DAL. Elevation Wealth Partners LLC boosted its stake in Delta Air Lines by 195.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines during the 4th quarter valued at $31,000. Camelot Portfolios LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth $34,000. Byrne Asset Management LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth $35,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines News Roundup

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: TD Cowen lifted its price target on Delta Air Lines to $112 and kept a buy rating, suggesting analysts see more upside ahead. Delta Air Lines (NYSE:DAL) Price Target Raised to $112.00 at TD Cowen
• Positive Sentiment: Multiple market write-ups highlighted strong travel demand and described Delta as a momentum and value stock, which may be supporting investor confidence. Why Delta Air Lines (DAL) is a Top Momentum Stock for the Long-Term
• Positive Sentiment: Reports also noted Delta’s healthy travel demand and additional bullish coverage, reinforcing the airline’s upbeat fundamental narrative. Delta Air Lines (DAL) Gains From Healthy Travel Demand
• Neutral Sentiment: Delta CEO Ed Bastian said cheaper jet fuel may not translate into lower airfares, implying pricing could stay firm even if fuel costs ease. Cheaper jet fuel won’t lower airfares, Delta Air Lines CEO Ed Bastian says
• Neutral Sentiment: Investors are also watching broader industry factors like geopolitical tensions and oil-price moves, which could create near-term volatility for airlines. Thanks to Escalating Iran Tensions, Delta Air Lines Stock Could Face Turbulence

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.