Insider Buying: Delta Air Lines Director Acquires 2,000 Shares of Stock (DAL)
Delta Air Lines (NYSE:DAL) Director William H. Easter III bought 2,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of $39.75 per share, for a total transaction of $79,500.00. Following the acquisition, the director now directly owns 26,120 shares in the company, valued at approximately $1,038,270. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Delta Air Lines (NYSE:DAL) traded up 2.15% during mid-day trading on Monday, hitting $40.77. 10,308,346 shares of the company’s stock traded hands. Delta Air Lines has a 52-week low of $16.94 and a 52-week high of $40.69. The stock has a 50-day moving average of $36.91 and a 200-day moving average of $32.45. The company has a market cap of $34.410 billion and a P/E ratio of 3.18.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.04. The company had revenue of $8.92 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $2.98 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on DAL shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Delta Air Lines in a research note on Friday, May 9th. They now have a $48.00 price target on the stock, up previously from $47.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines in a research note on Monday, May 5th. They now have a $39.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Delta Air Lines in a research note on Thursday, April 24th. They now have a $40.00 price target on the stock. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.70.
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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