Delta Air Lines Inc (NYSE:DAL): Are Analysts Bullish?
13 April, 2018, 06:56
(NYSE:DAL). Spears Abacus Advsrs Ltd holds 3.16% in Delta Air Lines, Inc. Morgan Stanley's target price would indicate a potential upside of 26.29% from the stock's current price.
The company reported it set a record by opening more than 1M new accounts from the Delta AMEX credit card in Q1. Morgan Stanley boosted their target price on shares of Delta Air Lines from $64.00 to $67.00 and gave the stock an overweight rating in a research report on Monday, March 19th. In Thursday, April 5 report Stifel Nicolaus maintained it with "Buy" rating and $10000 target. On Wednesday, January 10 the stock rating was maintained by Bernstein with "Buy".
Among 21 analysts covering Sap Ag (NYSE:SAP), 12 have Buy rating, 1 Sell and 8 Hold.
Shares climbed slightly in premarket trading on Thursday. The price to earnings growth is 0.83 and the price to sales ratio is 17. The company has a market capitalization of $37,013.98, a P/E ratio of 10.44 and a beta of 1.08. That's better than the $9.88 billion that analysts polled by Zacks forecast. During the same period previous year, the company earned $0.82 earnings per share. The business had revenue of $9.97 billion during the quarter, compared to analysts' expectations of $9.89 billion.
In the March quarter, Delta said operating expenses had swelled by $817 million from the last quarter, driven primarily by increases in fuel and labor costs, and a higher depreciation expense. 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 16th.
On 11/3/2017 NYSE:DAL - Delta Air Lines announced a quarterly dividend of $0.31 2.41% with an ex dividend date of 11/16/2017 which will be payable on 12/8/2017. Stifel Nicolaus maintained the stock with "Buy" rating in Thursday, April 5 report. Guardian Life Insur Of America invested 0.03% of its portfolio in Delta Air Lines, Inc. The shares were sold at an average price of $47.32, for a total value of $946,400.00.
Paragon Associates & Paragon Associates Ii Joint Venture increased its stake in Delta Air Lines Inc Del (DAL) by 166.67% based on its latest 2017Q4 regulatory filing with the SEC. Following the acquisition, the director now owns 33,520 shares of the company's stock, valued at approximately $2,003,155.20. The shares were bought at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the sale, the chief financial officer now directly owns 323,819 shares in the company, valued at $15,323,115.08. (NYSE:DAL) was sold by HAUENSTEIN GLEN W. Another trade for 3,350 shs valued at $200,193 was bought by BLAKE FRANCIS S. Shares were $1.63, down 1 cent.
Unit costs growth of 1-3% is expected for the June quarter, with solid top-line growth expected to offset this. Telemus Capital LLC raised its holdings in Delta Air Lines by 16.3% during the 4th quarter. Global Trust Asset Management LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth about $185,000. The stock had a trading volume of 12,712,780 shares, compared to its average volume of 8,352,691. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $60.79.
COPYRIGHT VIOLATION WARNING: "Q3 2018 EPS Estimates for Delta Air Lines (NYSE:DAL) Decreased by Analyst" was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this report on another website, it was copied illegally and reposted in violation of United States and global trademark & copyright legislation. Cowen & Co maintained Delta Air Lines, Inc. The Company's segments include Airline and Refinery. Paul International Airport, made $547 million, or 77 cents per share.
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