Delta Air Lines President Edward Bastian Sells 100,000 Shares (DAL)
Delta Air Lines (NYSE:DAL) President Edward Bastian sold 100,000 shares of Delta Air Lines stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $26.36, for a total value of $2,636,000.00. Following the completion of the transaction, the president now directly owns 409,102 shares of the company’s stock, valued at approximately $10,783,929. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on DAL. Analysts at Raymond James raised their price target on shares of Delta Air Lines from $28.00 to $30.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Delta Air Lines from $33.00 to $34.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $27.29.
Shares of Delta Air Lines (NYSE:DAL) traded down 0.04% during mid-day trading on Friday, hitting $26.31. The stock had a trading volume of 13,053,069 shares. 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 $22.364 billion and a price-to-earnings ratio of 12.90. Delta Air Lines also was the recipient of unusually large options trading on Tuesday. Traders acquired 22,487 put options on the company. This represents an increase of approximately 168% compared to the average volume of 8,391 put options.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.41 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Delta Air Lines will post $3.09 EPS 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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