Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Delta Air Lines (NYSE:DAL) Stock Price

Delta Air Lines (NYSE:DAL) had its price target increased by Deutsche Bank Aktiengesellschaft from $60.00 to $80.00 in a research report report published on Thursday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, TD Cowen increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $72.75.

Delta Air Lines Stock Down 0.5 %

Shares of NYSE DAL traded down $0.29 during trading hours on Thursday, hitting $63.05. The company had a trading volume of 546,220 shares, compared to its average volume of 9,358,608. Delta Air Lines has a 1-year low of $35.46 and a 1-year high of $66.25. The stock has a market capitalization of $40.68 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. The firm’s 50 day moving average is $54.65 and its 200-day moving average is $49.08. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 earnings per share. On average, analysts expect that Delta Air Lines will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.95%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.33%.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock worth $8,044,893 in the last ninety days. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Delta Air Lines in the third quarter worth approximately $31,000. Kimelman & Baird LLC bought a new position in Delta Air Lines in the 2nd quarter valued at about $31,000. Unique Wealth Strategies LLC bought a new position in Delta Air Lines during the second quarter valued at about $40,000. Finally, Quarry LP purchased a new position in shares of Delta Air Lines in the second quarter worth about $41,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

About Delta Air Lines

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.