Delta Air Lines Stock Rating Reaffirmed by CRT Capital (DAL)
Delta Air Lines (NYSE:DAL) traded up 0.36% during mid-day trading on Thursday, hitting $38.96. 4,383,743 shares of the company’s stock traded hands. Delta Air Lines has a 1-year low of $19.75 and a 1-year high of $42.66. The stock has a 50-day moving average of $38.25 and a 200-day moving average of $36.96. The company has a market cap of $32.765 billion and a P/E ratio of 3.06. Delta Air Lines also saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 17,936,033 shares, a growth of 21.7% from the July 31st total of 14,739,421 shares. Based on an average daily volume of 10,866,364 shares, the short-interest ratio is currently 1.7 days. Approximately 2.1% of the shares of the stock are short sold.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.04. The company had revenue of $10.62 billion for the quarter, compared to the consensus estimate of $10.65 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines will post $3.23 EPS for the current fiscal year.
DAL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines in a research note on Wednesday, August 6th. They now have a $38.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Delta Air Lines in a research note on Thursday, July 24th. They now have a $48.00 price target on the stock, up previously from $46.00. Finally, analysts at Imperial Capital raised their price target on shares of Delta Air Lines from $48.00 to $53.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.33.
In other Delta Air Lines news, VP Craig M. Meynard unloaded 6,300 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $40.01, for a total transaction of $252,063.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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