Delta Air Lines Stock Rating Upgraded by S&P Equity Research (DAL)
Delta Air Lines (NYSE:DAL) was upgraded by equities research analysts at S&P Equity Research to a “strong-buy” rating in a research note issued to investors on Friday, StockRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Imperial Capital raised their price target on shares of Delta Air Lines from $31.00 to $35.00 in a research note to investors on Monday, December 16th. They now have an “in-line” rating on the stock. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.67.
Delta Air Lines (NYSE:DAL) traded up 4.19% during mid-day trading on Friday, hitting $28.86. 8,741,757 shares of the company’s stock traded hands. Delta Air Lines has a 52 week low of $12.55 and a 52 week high of $29.44. The stock has a 50-day moving average of $28.04 and a 200-day moving average of $23.49. The company has a market cap of $24.560 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 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 $3.13 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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