Delta Air Lines, Inc. (NYSE:DAL) has received a consensus recommendation of “Buy” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $60.63.

DAL has been the topic of several research analyst reports. Evercore ISI reissued an “outperform” rating and issued a $66.00 target price on shares of Delta Air Lines in a report on Friday, July 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $60.00 target price on shares of Delta Air Lines in a report on Thursday, July 13th. Cowen and Company boosted their target price on shares of Delta Air Lines from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price (up previously from $75.00) on shares of Delta Air Lines in a report on Friday, July 14th. Finally, Vetr raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 target price on the stock in a report on Tuesday.

In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the transaction, the chief executive officer now owns 285,508 shares in the company, valued at $13,861,413.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the transaction, the vice president now owns 7,437 shares in the company, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 442,000 shares of company stock worth $35,360 and sold 131,306 shares worth $6,924,439. Insiders own 0.37% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC purchased a new position in Delta Air Lines during the first quarter worth $100,000. Tompkins Financial Corp purchased a new position in Delta Air Lines during the first quarter worth $107,000. TrimTabs Asset Management LLC boosted its position in Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the period. Advisory Services Network LLC purchased a new position in Delta Air Lines during the first quarter worth $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after buying an additional 793 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock.

Shares of Delta Air Lines (NYSE:DAL) opened at 52.83 on Friday. The company’s 50 day moving average is $53.10 and its 200-day moving average is $49.43. The stock has a market capitalization of $38.46 billion, a PE ratio of 10.47 and a beta of 1.22. Delta Air Lines has a 52 week low of $35.84 and a 52 week high of $55.75.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the prior year, the firm earned $1.47 EPS. Delta Air Lines’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines will post $5.12 earnings per share for the current year.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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