Imperial Capital Reaffirms "In-Line" Rating for Delta Air Lines, Inc. (DAL)

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Delta Air Lines Inc (NYSE:DAL): Are Analysts Bullish?

The parent of British Airways, a partner of American, said Thursday that it bought a minority stake in one of those budget carriers, Norwegian Air Shuttle. The average 12 month target price among brokers that have covered the stock in the a year ago is $67.74. Stephens set a $67.00 price target on Delta Air Lines and gave the company a "buy" rating in a report on Monday, December 18th. For a total of 1.07 million shares it increased its holding in L Brands Inc (LTD) by 215,226 shares in the quarter, and has risen its stake in Sarepta Therapeutics Inc (NASDAQ:SRPT). Argus increased their price objective on Delta Air Lines to $48.00 and gave the company a buy rating in a report on Monday, October 17th. FBR Capital maintained the stock with "Mkt Perform" rating in Monday, January 25 report. Rating Scale: 1.0 represent "Strong Buy" and 2.0 signify "Buy" 3.0 while shows "Hold". Finally, Credit Suisse Group reissued a buy rating on shares of Delta Air Lines in a report on Tuesday, November 8th. (DAL), a stock from Major Airlines Industry, has a value of $51.47 per share, noted a price change of -1.70% in recent trade close.

A rising top line helped Delta to deliver adjusted pre-tax income of $676 million and adjusted EPS of $0.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. The company has a market capitalization of $37,013.98, a P/E ratio of 10.44 and a beta of 1.08. Shares for $8.45 million were sold by Bastian Edward H. Jacobson Paul A also sold $2.97 million worth of Delta Air Lines, Inc. (NYSE:DAL). Wells Fargo And Company Mn reported 5.30 million shares.

Total operating revenue for the first quarter rose to $9.97 billion from $9.10 billion and the carrier forecast total unit revenue - a key metric which compares sales with flight capacity - to increase 3 percent to 5 percent in the second quarter. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. During the same period last year, the firm posted $0.77 EPS. analysts expect that Delta Air Lines will post 6.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were given a dividend of $0.305 per share. It has a dividend yield of 2.37%. The ex-dividend date was Thursday, February 22nd.

On 5/5/2017 NYSE:DAL - Delta Air Lines announced a quarterly dividend of $0.20 1.67% with an ex dividend date of 5/17/2017 which will be payable on 6/9/2017. The stock price dropped with downswing change of -1.34% when it was compared to 20-day moving average. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Following the acquisition, the director now owns 33,520 shares of the company's stock, valued at approximately $2,003,155.20. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company's stock valued at $564,870,000 after purchasing an additional 956,945 shares during the last quarter. The disclosure for this sale can be found here. 3,350 shares valued at $200,193 were bought by BLAKE FRANCIS S on Friday, January 12.

On 1/16/2018 Joanne D Smith, EVP, sold 24,250 with an average share price of $59.03 per share and the total transaction amounting to $1,431,477.50. Telemus Capital LLC raised its holdings in Delta Air Lines by 16.3% during the 4th quarter. Finally, Financial Engines Advisors L.L.C. raised its position in Delta Air Lines by 447.0% in the third quarter. Somerset Trust Company holds 1.09% or 39,018 shares.

TRADEMARK VIOLATION NOTICE: "Delta Air Lines (DAL) Issues Q2 Earnings Guidance" was first posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and worldwide trademark & copyright legislation. ValuEngine upgraded Delta Air Lines from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 1st. The Company's operates through segments, including Airline Segment and Refinery Segment.

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