Delta Air Traces (NYSE:DAL – Free Report) had its goal worth boosted by Financial institution of America from $55.00 to $60.00 in a analysis report launched on Friday morning, Benzinga stories. Financial institution of America at the moment has a purchase ranking on the transportation firm’s inventory.
A number of different analysts have additionally just lately issued stories on DAL. TD Cowen decreased their goal worth on shares of Delta Air Traces from $61.00 to $59.00 and set a purchase ranking on the inventory in a analysis report on Wednesday, July seventeenth. Jefferies Monetary Group upped their worth goal on Delta Air Traces from $56.00 to $60.00 and gave the corporate a purchase ranking in a analysis report on Wednesday, October 2nd. Barclays lifted their goal worth on Delta Air Traces from $52.00 to $60.00 and gave the inventory an obese ranking in a report on Friday. Sanford C. Bernstein elevated their worth goal on Delta Air Traces from $62.00 to $65.00 and gave the corporate an outperform ranking in a report on Tuesday, October eighth. Lastly, JPMorgan Chase & Co. boosted their worth goal on shares of Delta Air Traces from $68.00 to $80.00 and gave the corporate an obese ranking in a analysis report on Friday. One analysis analyst has rated the inventory with a maintain ranking, twelve have assigned a purchase ranking and one has issued a powerful purchase ranking to the inventory. In accordance with MarketBeat.com, the inventory has a median ranking of Purchase and a consensus worth goal of $65.40.
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Delta Air Traces Inventory Efficiency
NYSE DAL opened at $53.20 on Friday. The corporate has a debt-to-equity ratio of 1.21, a present ratio of 0.40 and a fast ratio of 0.35. Delta Air Traces has a 1-year low of $30.60 and a 1-year excessive of $53.86. The enterprise has a 50 day easy transferring common of $44.50 and a two-hundred day easy transferring common of $46.93. The inventory has a market capitalization of $34.33 billion, a PE ratio of seven.65, a P/E/G ratio of 0.98 and a beta of 1.35.
Delta Air Traces (NYSE:DAL – Get Free Report) final posted its earnings outcomes on Thursday, October tenth. The transportation firm reported $1.50 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.52 by ($0.02). The enterprise had income of $15.68 billion in the course of the quarter, in comparison with analysts’ expectations of $14.65 billion. Delta Air Traces had a internet margin of seven.46% and a return on fairness of 36.02%. The corporate’s income for the quarter was up 1.2% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the enterprise posted $2.03 earnings per share. On common, analysis analysts predict that Delta Air Traces will submit 6.17 EPS for the present fiscal 12 months.
Delta Air Traces Declares Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which might be paid on Thursday, October thirty first. Shareholders of document on Thursday, October tenth might be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October tenth. This represents a $0.60 annualized dividend and a yield of 1.13%. Delta Air Traces’s dividend payout ratio (DPR) is 8.63%.
Hedge Funds Weigh In On Delta Air Traces
Institutional buyers have just lately modified their holdings of the inventory. Future Monetary Wealth Managment LLC bought a brand new stake in shares of Delta Air Traces within the third quarter valued at roughly $25,000. Kimelman & Baird LLC purchased a brand new stake in Delta Air Traces in the course of the 2nd quarter valued at $31,000. Rise Advisors LLC lifted its holdings in shares of Delta Air Traces by 122.5% within the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation firm’s inventory value $39,000 after shopping for a further 452 shares in the course of the interval. Distinctive Wealth Methods LLC bought a brand new stake in shares of Delta Air Traces within the 2nd quarter value $40,000. Lastly, Quarry LP purchased a brand new place in shares of Delta Air Traces in the course of the 2nd quarter value $41,000. 69.93% of the inventory is owned by hedge funds and different institutional buyers.
Delta Air Traces Firm Profile
Delta Air Traces, Inc offers scheduled air transportation for passengers and cargo in the US and internationally. The corporate operates via two segments, Airline and Refinery. Its home community centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake Metropolis, in addition to coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and worldwide community centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico Metropolis, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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