Evercore ISI restated their outperform rating on shares of Delta Air Lines, Inc. (NYSE:DAL) in a research note released on Tuesday, StockTargetPrices.com reports.
DAL has been the topic of a number of other reports. Vetr upgraded shares of Delta Air Lines from a buy rating to a strong-buy rating and set a $54.35 price target on the stock in a research report on Monday, May 8th. Imperial Capital restated an in-line rating and set a $52.00 price target on shares of Delta Air Lines in a research report on Friday, May 19th. BidaskClub upgraded shares of Delta Air Lines from a buy rating to a strong-buy rating in a research report on Tuesday, June 27th. Atlantic Securities assumed coverage on shares of Delta Air Lines in a research report on Tuesday, June 20th. They set an overweight rating and a $68.00 price target on the stock. Finally, Stifel Nicolaus restated a buy rating on shares of Delta Air Lines in a research report on Friday, May 26th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $55.50.
Delta Air Lines (NYSE DAL) traded down 0.85% on Tuesday, reaching $54.99. 3,487,937 shares of the company traded hands. The company has a 50-day moving average price of $50.96 and a 200-day moving average price of $48.99. The company has a market capitalization of $40.03 billion, a P/E ratio of 10.14 and a beta of 1.22. Delta Air Lines has a 12 month low of $35.84 and a 12 month high of $55.75.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. Delta Air Lines had a net margin of 10.19% and a return on equity of 28.67%. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.14 billion. During the same period in the previous year, the firm earned $1.32 EPS. Delta Air Lines’s revenue was down 1.1% on a year-over-year basis. Equities research analysts expect that Delta Air Lines will post $5.12 EPS for the current year.
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In other news, Director Francis S. Blake acquired 5,665 shares of Delta Air Lines stock in a transaction dated Monday, April 17th. The stock was acquired at an average cost of $44.12 per share, for a total transaction of $249,939.80. Following the completion of the purchase, the director now owns 24,187 shares of the company’s stock, valued at $1,067,130.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO W Gilbert West sold 26,131 shares of the business’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the completion of the sale, the chief operating officer now owns 89,232 shares of the company’s stock, valued at $4,503,539.04. The disclosure for this sale can be found here. Over the last three months, insiders acquired 447,665 shares of company stock valued at $285,300 and sold 55,606 shares valued at $2,753,289. Insiders own 0.37% of the company’s stock.
Several hedge funds have recently modified their holdings of DAL. Numeric Investors LLC boosted its stake in shares of Delta Air Lines by 229.6% in the fourth quarter. Numeric Investors LLC now owns 1,068,500 shares of the transportation company’s stock worth $52,560,000 after buying an additional 744,300 shares during the last quarter. Hanlon Investment Management Inc. bought a new position in Delta Air Lines during the fourth quarter valued at approximately $2,816,000. Advantage Investment Management LLC bought a new position in Delta Air Lines during the fourth quarter valued at approximately $245,000. Tortoise Investment Management LLC bought a new position in Delta Air Lines during the fourth quarter valued at approximately $781,000. Finally, Thrivent Financial for Lutherans boosted its position in Delta Air Lines by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,099,720 shares of the transportation company’s stock valued at $103,286,000 after buying an additional 45,636 shares during the last quarter. Institutional investors and hedge funds own 86.08% of the company’s stock.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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