Delta Air Lines Target of Unusually Large Options Trading (DAL)
Shares of Delta Air Lines (NYSE:DAL) was the target of some unusual options trading on Tuesday. Investors bought 22,487 put options on the stock, AnalystRatingsNetwork reports. This is an increase of approximately 168% compared to the average volume of 8,391 put options.
A number of analysts have recently weighed in on DAL shares. Analysts at Cowen and Company raised their price target on shares of Delta Air Lines from $28.00 to $31.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines in a research note to investors on Thursday, October 17th. They now have a $26.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Delta Air Lines from $25.00 to $31.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.93.
Shares of Delta Air Lines (NYSE:DAL) traded up 3.24% on Tuesday, hitting $25.49. 22,623,260 shares of the company’s stock traded hands. Delta Air Lines has a 52-week low of $8.42 and a 52-week high of $23.13. The stock has a 50-day moving average of $20.62 and a 200-day moving average of $18.22. The company has a market cap of $21.667 billion and a price-to-earnings ratio of 12.10.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.75. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.47 billion. During the same quarter last year, the company posted $0.90 earnings per share. Delta Air Lines’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Delta Air Lines will post $3.01 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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