Delta Air Lines Sees Unusually Large Options Volume (DAL)
Shares of Delta Air Lines (NYSE:DAL) saw unusually large options trading on Thursday. Traders acquired 74,572 call options on the company, AR Network reports. This is an increase of 375% compared to the typical volume of 15,712 call options.
In other Delta Air Lines news, EVP Glen Hauenstein sold 130,000 shares of the stock on the open market in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $24.00, for a total transaction of $3,120,000.00. Following the completion of the sale, the executive vice president now directly owns 250,927 shares of the company’s stock, valued at approximately $6,022,248. The sale was disclosed in a document filed with the SEC, which is available at this link.
DAL has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of Delta Air Lines (NYSE:DAL) from $23.00 to $26.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Delta Air Lines (NYSE:DAL) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, September 17th. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, 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. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $23.27.
Shares of Delta Air Lines (NYSE:DAL) traded up 0.84% on Thursday, hitting $24.01. The stock had a trading volume of 12,969,071 shares. Delta Air Lines has a 52 week low of $9.04 and a 52 week high of $24.10. The stock’s 50-day moving average is $21.0 and its 200-day moving average is $18.72. The company has a market cap of $20.409 billion and a P/E ratio of 11.67.
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 $2.82 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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