Delta Air Lines Receives “Buy” Rating from Analysts

Delta Air Lines, Inc. (NYSE:DAL) has been given a consensus rating of “Buy” by twelve ratings firms, according to MarketBeat. Of these, eleven equities research analysts have rated the stock as a buy recommendation, while one analyst has assigned a strong buy recommendation.

The average 12-month price target for Delta Air Lines among brokers that have issued reports on the stock in the last year is $57.50.

Several brokerages have commented on DAL recently. initiated coverage on shares of Delta Air Lines with a “buy” rating. Barclays raised their price target for the stock from $55.00 to $58.00. Raymond James also raised their price target from $57.00 to $58.00 and gave the company a “strong buy” rating. In addition, Morgan Stanley raised their price target from $70.00 to $77.00 and rated the company as “overweight.” Finally, 22nd Century Group maintained a “buy” rating on the stock.

Shares of Delta Air Lines opened at $39.90 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.41, and a current ratio of 0.46. With a market capitalization of $25.67 billion, Delta Air Lines has a price-to-earnings ratio of 8.60 and a beta of 1.30. The stock has a 50-day moving average price of $44.17 and a 200-day moving average price of $39.57. Its 52-week low is $27.20 and its 52-week high is $49.81.

Delta Air Lines reported earnings of $2.68 per share for the quarter, surpassing the consensus estimate of $2.40 by $0.28. The company had revenue in the quarter of $15.58 billion, compared to the consensus estimate of $14.44 billion. Delta Air Lines had a net margin of 5.36% and a return on equity of 59.56%. The business’s quarterly revenue was up 12.7% year-over-year. Analysts predict that the company will post earnings of $6.56 per share for the current fiscal year.

In recent news, EVP Peter W. Carter sold 7,056 shares of Delta Air Lines stock, while Director Michael P. Huerta sold 3,350 shares. Institutional investors have also made modifications to their holdings in the company. Candriam Luxembourg S.C.A. purchased a new stake in shares of Delta Air Lines, while Pacifica Partners Inc., Sound Income Strategies LLC, Tyler Stone Wealth Management, and Coppell Advisory Solutions Corp. acquired positions in the company as well.

– MarketBeat
– Barclays
– Raymond James
– Morgan Stanley
– 22nd Century Group