Insider Buying: Delta Air Lines Director Purchases 4,000 Shares of Stock (DAL)
Delta Air Lines (NYSE:DAL) Director Roy Bostock bought 4,000 shares of the stock on the open market in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of $25.49 per share, with a total value of $101,960.00. Following the completion of the transaction, the director now directly owns 77,298 shares of the company’s stock, valued at approximately $1,970,326. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on DAL. Analysts at Deutsche Bank raised their price target on shares of Delta Air Lines from $31.00 to $33.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $27.07.
Shares of Delta Air Lines (NYSE:DAL) traded up 0.47% on Wednesday, hitting $25.61. The stock had a trading volume of 12,626,860 shares. Delta Air Lines has a 52-week low of $8.42 and a 52-week high of $23.13. The stock’s 50-day moving average is $20.62 and its 200-day moving average is $18.22. The company has a market cap of $21.769 billion and a P/E ratio of 12.49. Delta Air Lines also saw unusually large options trading activity on Tuesday. Stock traders purchased 22,487 put options on the stock. This is an increase of 168% compared to the average daily volume of 8,391 put options.
Delta Air Lines (NYSE:DAL) last released its earnings data 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 in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. 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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