Traders Purchase High Volume of Delta Air Lines Put Options (DAL)
Delta Air Lines (NYSE:DAL) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 18,189 put options on the stock, Analyst Ratings Net reports. This is an increase of approximately 268% compared to the average volume of 4,938 put options.
A number of research firms have recently commented on DAL. Analysts at Atlantic Securities initiated coverage on shares of Delta Air Lines in a research note to investors on Wednesday. They set an “overweight” rating on the stock. Separately, 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, January 3rd. Finally, 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. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $31.67.
Shares of Delta Air Lines (NYSE:DAL) traded up 3.49% on Thursday, hitting $30.84. 9,183,684 shares of the company’s stock traded hands. Delta Air Lines has a 52 week low of $13.09 and a 52 week high of $30.10. The stock’s 50-day moving average is $28.19 and its 200-day moving average is $23.83. The company has a market cap of $26.245 billion and a P/E ratio of 12.34.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, October 22nd. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $3.12 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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