Delta Air Lines Sees Unusually Large Options Volume (DAL)
Delta Air Lines (NYSE:DAL) was the target of some unusual options trading activity on Friday. Stock traders acquired 29,660 call options on the stock, American Banking News.com reports. This is an increase of 185% compared to the typical volume of 10,403 call options.
DAL has been the subject of a number of recent research reports. Analysts at S&P Equity Research upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note to investors on Friday. Separately, analysts at Evercore Partners upgraded shares of Delta Air Lines from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, December 19th. Finally, analysts at UBS AG initiated coverage on shares of Delta Air Lines in a research note to investors on Wednesday, December 18th. They set a “buy” rating and a $39.00 price target on the stock. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and an average target price of $31.67.
Delta Air Lines (NYSE:DAL) traded up 5.52% on Friday, hitting $29.23. The stock had a trading volume of 19,091,444 shares. Delta Air Lines has a 52-week low of $12.55 and a 52-week high of $29.44. The stock’s 50-day moving average is $28.04 and its 200-day moving average is $23.49. The company has a market cap of $24.875 billion and a price-to-earnings ratio of 11.47.
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. On average, analysts predict that Delta Air Lines will post $3.13 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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