Delta Air Lines, Inc. was covered by a number of analysts recently, 8 rated the stock as Strong Buy, 6 rated Buy, 2 rated Hold, 0 rated sell and 0 gave an Underperform.
Delta Air Lines, Inc. has a 50 day moving average of 47.81 and a 200 day moving average of 46.52. A broker rating of 1 would translate into a Strong Buy. Delta Air Lines, Inc. got Upgrade on 6-Feb-17 where investment firm Bernstein Upgrade the stock from Mkt Perform to Outperform.
Stock prices across the industry also dropped, including those of United Continental Holdings Inc UAL.N , American Airlines Group Inc AAL.O and Southwest Airlines Co LUV.N .
Delta Air Lines (NYSE:DAL) traded up 1.20% during mid-day trading on Thursday, reaching $45.62. The stock volatility for week was 1.63% while for month was 2.17%.The stock, as of last close, traded 40.33% to its 52 week low and was changed -14.16% from its 52 week high. The firm has a market cap of $33.21 billion, a PE ratio of 7.88 and a beta of 0.75.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 12th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.82.
Delta reiterated its operating margin forecast of 10-11 percent for the quarter. The business earned $9.46 billion during the quarter, compared to the consensus estimate of $9.40 billion. Most airline shares have fallen for the year.
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In a note issued Monday, Cowen & Co. analyst Helane Becker wrote, "When Delta updated 1Q17 guidance in March, the guidance implied March PRASM would be up 2% to 2.5%". Shareholders of record on Friday, February 24th were issued a $0.2025 dividend. While RPMs rose 50 basis points, ASMs fell 0.5 percent in the same period. Delta Air Lines's dividend payout ratio (DPR) is now 14.04%.
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Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. The rating was maintained by Imperial Capital on Friday, October 14 with "In-Line". (DAL) stock price ended its day with loss -2.61% and finalized at the price of $45.11. Macquarie Group Ltd. now owns 237,005 shares of the company's stock worth $11,659,000 after buying an additional 152,505 shares during the last quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
In related news, Director Douglas R. Ralph acquired 1,000 shares of the company's stock in a transaction dated Monday, January 23rd. Following the completion of the transaction, the chief financial officer now owns 386,070 shares in the company, valued at approximately $19,338,246.30. The disclosure for this purchase can be found here. EPS ratio determined by looking at last 12 month figures is 5.78.
Several other institutional investors have also added to or reduced their stakes in DAL. Price T Rowe Associates Inc. Verition Fund Mngmt stated it has 0.27% of its portfolio in Delta Air Lines, Inc. Parkwood Limited Company reported 57,725 shares or 0.44% of all its holdings. Edmond DE Rothschild Italia SGR SPA raised its position in shares of Delta Air Lines by 1.1% in the third quarter. Following the sale, the president now owns 172,418 shares of the company's stock, valued at approximately $8,762,282.76.
Delta Air Lines, Inc. has a simple moving average of -0.91% in its last 20 days. Rhumbline Advisers increased its position in Delta Air Lines by 3.8% in the third quarter.