Delta Air Lines (NYSE:DAL) Sets New 1-Year High – What’s Next?

Delta Air Lines, Inc. (NYSE:DAL) reached a new 52-week high during trading on Tuesday . The stock traded as high as $54.14 and last traded at $54.14, with a volume of 220939 shares trading hands. The stock had previously closed at $53.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein upped their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Susquehanna raised their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, TD Cowen cut their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $65.40.

Delta Air Lines Stock Performance

The firm has a market cap of $36.33 billion, a P/E ratio of 8.10, a PEG ratio of 0.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock’s 50-day moving average is $45.17 and its 200 day moving average is $47.03.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that Delta Air Lines, Inc. will post 6.17 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s payout ratio is currently 8.63%.

Insider Transactions at Delta Air Lines

In related news, EVP Joanne D. Smith sold 3,431 shares of the business’s 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 sale, 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by insiders.

Institutional Trading of Delta Air Lines

Institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $25,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $31,000. Strategic Financial Concepts LLC bought a new stake in shares of Delta Air Lines in the second quarter worth $36,000. Rise Advisors LLC boosted its holdings in Delta Air Lines by 122.5% during the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in Delta Air Lines in the second quarter valued at $40,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Company Profile

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.