Delta Air Lines (DAL) Earns “Outperform” Rating from Imperial Capital

Delta Air Lines (NYSE:DAL)‘s stock had its “outperform” rating restated by investment analysts at Imperial Capital in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $65.00 price target on the transportation company’s stock, up from their prior price target of $63.00. Imperial Capital’s target price would suggest a potential upside of 8.64% from the stock’s previous close. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $4.86 EPS, Q1 2018 earnings at $0.80 EPS and Q4 2018 earnings at $1.55 EPS.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price target (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Stephens reaffirmed a “buy” rating and set a $72.00 price target on shares of Delta Air Lines in a research report on Wednesday, January 10th. Cowen upped their price target on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $63.00 price objective (down from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines has an average rating of “Buy” and a consensus price target of $65.53.

Shares of Delta Air Lines (DAL) traded up $1.31 during trading hours on Friday, reaching $59.83. The company’s stock had a trading volume of 12,267,801 shares, compared to its average volume of 11,044,145. Delta Air Lines has a fifty-two week low of $43.81 and a fifty-two week high of $60.50. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a market cap of $42,390.00, a price-to-earnings ratio of 12.11 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. Delta Air Lines’s revenue was up 8.3% on a year-over-year basis. sell-side analysts anticipate that Delta Air Lines will post 6.18 EPS for the current year.

In other news, EVP Joanne D. Smith sold 894 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $56.50, for a total transaction of $50,511.00. Following the sale, the executive vice president now directly owns 72,393 shares of the company’s stock, valued at approximately $4,090,204.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 249,197 shares of company stock worth $13,797,192 over the last ninety days. Insiders own 0.37% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc purchased a new stake in Delta Air Lines during the 2nd quarter valued at $114,000. BB&T Investment Services Inc. purchased a new stake in Delta Air Lines during the 2nd quarter valued at $128,000. Advisory Services Network LLC raised its holdings in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after buying an additional 75 shares during the period. IHT Wealth Management LLC raised its holdings in Delta Air Lines by 40.9% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after buying an additional 220 shares during the period. Finally, Blue Granite Capital LLC purchased a new stake in Delta Air Lines during the 3rd quarter valued at $162,000. Institutional investors own 85.07% of the company’s stock.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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