Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a report issued on Friday, July 14th. They presently have a $62.00 price target on the transportation company’s stock, down from their prior price target of $63.00. Morgan Stanley’s target price points to a potential upside of 25.30% from the company’s previous close.
DAL has been the topic of a number of other research reports. Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price target on the stock. in a research note on Thursday, June 1st. BidaskClub raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Sanford C. Bernstein reissued an “outperform” rating and issued a $60.00 price target on shares of Delta Air Lines in a research note on Thursday, July 13th. Cowen and Company reissued an “outperform” rating and issued a $66.00 price target (up previously from $58.00) on shares of Delta Air Lines in a research note on Tuesday, July 11th. Finally, Atlantic Securities assumed coverage on Delta Air Lines in a research note on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $60.74.
Shares of Delta Air Lines (NYSE DAL) opened at 49.48 on Friday. The stock has a 50 day moving average price of $52.40 and a 200-day moving average price of $49.46. The company has a market cap of $36.02 billion, a P/E ratio of 9.81 and a beta of 1.20. Delta Air Lines has a 1-year low of $35.84 and a 1-year high of $55.75.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a net margin of 11.34% and a return on equity of 37.16%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 earnings per share. Analysts predict that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
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In other news, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the transaction, the executive vice president now owns 77,223 shares in the company, valued at approximately $4,170,042. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $48.55, for a total value of $1,213,750.00. Following the completion of the transaction, the chief executive officer now owns 285,508 shares of the company’s stock, valued at approximately $13,861,413.40. The disclosure for this sale can be found here. In the last 90 days, insiders bought 399,000 shares of company stock valued at $31,920 and sold 126,831 shares valued at $6,703,732. 0.37% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new position in Delta Air Lines during the first quarter worth approximately $100,000. Tompkins Financial Corp acquired a new position in Delta Air Lines during the first quarter worth approximately $107,000. TrimTabs Asset Management LLC boosted its position in Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the last quarter. Advisory Services Network LLC acquired a new position in Delta Air Lines during the first quarter worth approximately $114,000. Finally, Bessemer Group Inc. boosted its position in Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after buying an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.
Delta Air Lines Company Profile
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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