Delta Air Lines Inc. Hits New 52-Week High at $23.13 (DAL)
Delta Air Lines (NYSE:DAL) set a new 52-week high on Tuesday, StockRatingsNetwork.com reports. The company traded as high as $23.13 and last traded at $22.82, with a volume of 40,371,475 shares. The stock had previously closed at $21.76.
A number of research firms have recently commented on DAL. Analysts at JPMorgan Chase & Co. downgraded shares of Delta Air Lines (NYSE:DAL) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $22.00 price target on the stock, down previously from $25.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines (NYSE:DAL) in a research note to investors on Tuesday, August 6th. They now have a $23.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Delta Air Lines (NYSE:DAL) in a research note to investors on Thursday, July 25th. They now have a $20.00 price target on the stock, down previously from $25.00.
Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.64.
In other Delta Air Lines news, Director George Mattson bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $19.02 per share, for a total transaction of $95,100.00. Following the transaction, the director now directly owns 28,110 shares in the company. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Delta Air Lines has a 52-week low of $8.89 and a 52-week high of $22.05. The stock has a 50-day moving average of $20.43 and a 200-day moving average of $18.04. The company has a market cap of $19.406 billion and a price-to-earnings ratio of 10.66. Delta Air Lines also was the recipient of some unusual options trading activity on Monday. Stock traders purchased 15,848 call options on the company. This represents an increase of approximately 146% compared to the typical daily volume of 6,447 call options.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, July 24th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.04. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter last year, the company posted $0.69 earnings per share. Delta Air Lines’s revenue was down .3% compared to the same quarter last year. On average, analysts predict that Delta Air Lines will post $2.79 earnings per share for the current fiscal year.
Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.