Weekly Investment Analysts’ Ratings Updates for Delta Air Lines (DAL)

Share on StockTwits

Several brokerages have updated their recommendations and price targets on shares of Delta Air Lines (NYSE: DAL) in the last few weeks:

  • 1/14/2019 – Delta Air Lines was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $51.00 price target on the stock, down previously from $62.00.
  • 1/10/2019 – Delta Air Lines was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Delta's efforts to reward its shareholders through dividends and buybacks are impressive. Similar to 2018, we expect the company to hike its quarterly dividend in 2019. Delta's employee-friendly approach is an added positive. Furthermore, its fleet modernization efforts are praiseworthy. We are, however, disappointed by Delta's decision to trim fourth-quarter 2018 unit revenue view. Detailed results should be available on Jan 15. According to the company, the decision to trim guidance was due to the slower-than-expected improvement in close-in yield in late December. In fact, this was the second time that Delta had trimmed its fourth-quarter unit revenue forecast in a short span of time. Nonetheless, fuel cost is likely to be less of a hindrance in the fourth quarter compared to the other quarters of 2018. Delta expects fuel costs per gallon in the $2.38-$2.43 range, mirroring a 10 cent decrease from the earlier prediction.”
  • 1/6/2019 – Delta Air Lines had its “buy” rating reaffirmed by analysts at Stephens.
  • 1/4/2019 – Delta Air Lines was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Delta's efforts to reward its shareholders through dividends and buybacks are impressive. Similar to 2018, we expect the company to hike its quarterly dividend in 2019. Delta's employee-friendly approach is an added positive. Furthermore, its expansion efforts are praiseworthy. We are, however, disappointed by Delta's decision to trim fourth-quarter 2018 unit revenue view. According to the company, its decision to trim guidance for this key metric can be attributed to the slower-than-expected improvement in close-in yield in late December. In fact, this was the second time that Delta had trimmed its fourth-quarter unit revenue forecast in a short span of time. Nonetheless, fuel cost is likely to be less of a hindrance in the fourth quarter compared to the other quarters of 2018. Delta expects fuel costs per gallon in the $2.38-$2.43 range, mirroring a 10 cent decrease from the earlier view.”
  • 1/3/2019 – Delta Air Lines was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Delta is being aided by strong demand for air travel. As a result of such robust demand, passenger revenues, accounting for bulk of the top line, are on the rise. The company's traffic during Thanksgiving bears testimony to its impressive performance. During the period, Delta reported a record traffic of 2.3 million customers. The company's measures to reward shareholders through dividends and buybacks are commendable.  The carrier's expansion efforts also deserve praise. However, high fuel costs might affect the company's fourth-qaurter results. Fuel costs are anticipated to be between $2.47 and $2.52 per gallon in the fourth quarter of 2018. Declining load factor is another cause for concern. Notably, load factor declined 10 basis points to 85.6%in the first 11 months of 2018 due to capacity expansion outweighing traffic growth.”
  • 12/18/2018 – Delta Air Lines was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Delta is being aided by strong demand for air travel. As a result of such robust demand, passenger revenues, accounting for bulk of the top line, are on the rise. The company's traffic during Thanksgiving bears testimony to its impressive performance. During the period, Delta reported a record traffic of 2.3 million customers. The company's measures to reward shareholders through dividends and buybacks are commendable.  The carrier's expansion efforts also deserve praise. However, high fuel costs might affect the company's final-qaurter results. Fuel costs are anticipated to be between $2.47 and $2.52 per gallon in the fourth quarter of 2018. Declining load factor is another cause for concern. Notably, load factor declined 10 basis points to 85.6%in the first 11 months of 2018 due to capacity expansion outweighing traffic growth.”
  • 12/17/2018 – Delta Air Lines had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $71.00 price target on the stock.
  • 12/17/2018 – Delta Air Lines was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Delta is being aided by strong demand for air travel. As a result of such robust demand, passenger revenues, accounting for bulk of the top line, are on the rise. The company's traffic during Thanksgiving bears testimony to its impressive performance. During the period, Delta reported a record traffic of 2.3 million customers. The company's measures to reward shareholders through dividends and buybacks are commendable.  The carrier's expansion efforts also deserve praise. It expects double-digit earnings growth in 2019. Due to the current downward trend in oil prices, the airline hopes for a reduction of nearly $300 million in fuel expenses next year. The Zacks Consensus Estimate for 2019 earnings has been revised 4.3% upward over the last 60 days. However, capacity-related woes pose a major challenge to the carrier.”
  • 12/14/2018 – Delta Air Lines had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $67.00 price target on the stock.
  • 12/14/2018 – Delta Air Lines had its “outperform” rating reaffirmed by analysts at Imperial Capital. They now have a $77.00 price target on the stock, down previously from $81.00.
  • 12/4/2018 – Delta Air Lines had its price target raised by analysts at Imperial Capital from $76.00 to $83.00. They now have an “outperform” rating on the stock.
  • 11/29/2018 – Delta Air Lines had its price target raised by analysts at Citigroup Inc from $64.00 to $68.00. They now have a “buy” rating on the stock.
  • 11/28/2018 – Delta Air Lines is now covered by analysts at Susquehanna Bancshares Inc. They set a “positive” rating and a $69.00 price target on the stock.
  • 11/28/2018 – Delta Air Lines is now covered by analysts at Citigroup Inc. They set a “positive” rating and a $69.00 price target on the stock.
  • 11/19/2018 – Delta Air Lines is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $71.00 price target on the stock.

NYSE DAL opened at $48.56 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a market cap of $33.23 billion, a P/E ratio of 9.85, a PEG ratio of 0.50 and a beta of 1.13. Delta Air Lines, Inc. has a 1 year low of $45.08 and a 1 year high of $61.32.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.06. The business had revenue of $11.95 billion for the quarter, compared to analyst estimates of $11.96 billion. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. During the same quarter last year, the business posted $1.57 EPS. Equities analysts expect that Delta Air Lines, Inc. will post 5.56 EPS for the current year.

In related news, Director George N. Mattson bought 4,000 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were purchased at an average price of $50.91 per share, for a total transaction of $203,640.00. Following the completion of the transaction, the director now directly owns 72,530 shares of the company’s stock, valued at approximately $3,692,502.30. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $50.00, for a total transaction of $3,000,000.00. Following the completion of the sale, the chief executive officer now owns 326,943 shares in the company, valued at approximately $16,347,150. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Federated Investors Inc. PA raised its stake in shares of Delta Air Lines by 299.7% during the third quarter. Federated Investors Inc. PA now owns 2,379,531 shares of the transportation company’s stock valued at $137,608,000 after acquiring an additional 1,784,276 shares during the last quarter. Impala Asset Management LLC bought a new position in shares of Delta Air Lines during the third quarter valued at $86,646,000. BlackRock Inc. raised its stake in shares of Delta Air Lines by 3.6% during the third quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock valued at $2,137,290,000 after acquiring an additional 1,297,215 shares during the last quarter. Morgan Stanley raised its stake in shares of Delta Air Lines by 19.9% during the third quarter. Morgan Stanley now owns 5,237,434 shares of the transportation company’s stock valued at $302,881,000 after acquiring an additional 869,794 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Delta Air Lines by 51,383.5% during the third quarter. Clearbridge Investments LLC now owns 816,013 shares of the transportation company’s stock valued at $47,190,000 after acquiring an additional 814,428 shares during the last quarter. Hedge funds and other institutional investors own 87.59% of the company’s stock.

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Further Reading: How Important is Technical Analysis of Stocks

Receive News & Ratings for Delta Air Lines Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply