Delta Air Lines Sees Unusually High Options Volume (DAL)
Delta Air Lines (NYSE:DAL) saw some unusual options trading on Wednesday. Investors purchased 20,033 call options on the company, StockRatingsNetwork.com reports. This is an increase of 127% compared to the average volume of 8,814 call options.
Several analysts have recently commented on the stock. 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 assigned a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $22.64.
Delta Air Lines (NYSE:DAL) opened at 22.42 on Thursday. Delta Air Lines has a 1-year low of $8.89 and a 1-year high of $23.13. The stock’s 50-day moving average is $20.55 and its 200-day moving average is $18.14. The company has a market cap of $19.057 billion and a price-to-earnings ratio of 10.98.
Delta Air Lines (NYSE:DAL) last posted its quarterly 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.
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