Delta Air Lines VP Sells $92,877 in Stock (DAL)
Delta Air Lines (NYSE:DAL) VP Craig Meynard sold 3,549 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $26.17, for a total transaction of $92,877.33. Following the sale, the vice president now directly owns 21,304 shares of the company’s stock, valued at approximately $557,526. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.29.
Shares of Delta Air Lines (NYSE:DAL) traded down 0.04% on Friday, hitting $26.31. 13,053,069 shares of the company’s stock traded hands. Delta Air Lines has a 1-year low of $8.42 and a 1-year 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 $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. Stock traders bought 22,487 put options on the stock. This is an increase of 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 (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. 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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