The Goldman Sachs Group Reaffirms “Buy” Rating for Delta Air Lines (NYSE:DAL)

The Goldman Sachs Group reaffirmed their buy rating on shares of Delta Air Lines (NYSE:DAL) in a research report report published on Friday, MarketBeat.com reports. The Goldman Sachs Group currently has a $83.00 target price on the transportation company’s stock.

Other equities analysts have also recently issued reports about the company. Bank of America lifted their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Susquehanna boosted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. Barclays upped their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group lifted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen increased their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $71.22.

Delta Air Lines Stock Down 1.3 %

Shares of Delta Air Lines stock opened at $63.24 on Friday. Delta Air Lines has a twelve month low of $35.46 and a twelve month high of $66.25. The stock has a market capitalization of $40.81 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.22 and a beta of 1.33. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The business’s 50 day simple moving average is $53.45 and its 200-day simple moving average is $48.78.

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

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. This represents a 11.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock valued at $8,044,893 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

Several hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines during the third quarter valued at about $25,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines in the third quarter valued at $31,000. Strategic Financial Concepts LLC acquired a new position in shares of Delta Air Lines in the second quarter valued at $36,000. Finally, Unique Wealth Strategies LLC bought a new position in Delta Air Lines in the second quarter worth $40,000. Institutional investors own 69.93% of the company’s stock.

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.