Delta Air Lines, Inc. (DAL) Upgraded by Vetr Inc. to “Strong-Buy”
Delta Air Lines, Inc. (NYSE:DAL) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage presently has a $57.50 price objective on the transportation company’s stock. Vetr‘s price objective points to a potential upside of 12.44% from the stock’s previous close.
Several other equities analysts have also commented on DAL. Evercore ISI reissued an “outperform” rating on shares of Delta Air Lines in a report on Thursday, April 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a report on Friday, April 7th. Cowen and Company dropped their price objective on Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, April 10th. Deutsche Bank AG raised their price objective on Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Finally, Citigroup Inc. raised their price objective on Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 12th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $59.47.
Shares of Delta Air Lines (NYSE:DAL) traded down 0.76% during mid-day trading on Tuesday, reaching $51.14. The company’s stock had a trading volume of 5,815,226 shares. Delta Air Lines has a 52 week low of $35.84 and a 52 week high of $55.75. The company’s 50-day moving average is $53.18 and its 200-day moving average is $49.45. The stock has a market capitalization of $37.23 billion, a price-to-earnings ratio of 10.14 and a beta of 1.22.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.66 by $0.02. The business had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.47 EPS. Equities analysts predict that Delta Air Lines will post $5.12 EPS for the current year.
In related news, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares in the company, valued at $4,170,042. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 4,475 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $49.32, for a total transaction of $220,707.00. Following the completion of the sale, the executive vice president now owns 85,398 shares of the company’s stock, valued at approximately $4,211,829.36. The disclosure for this sale can be found here. In the last quarter, insiders have bought 372,000 shares of company stock valued at $29,760 and have sold 131,306 shares valued at $6,924,439. 0.37% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Kwmg LLC increased its stake in shares of Delta Air Lines by 500.7% in the second quarter. Kwmg LLC now owns 31,340 shares of the transportation company’s stock worth $1,684,000 after buying an additional 26,123 shares during the last quarter. Boston Advisors LLC increased its stake in Delta Air Lines by 160.4% in the second quarter. Boston Advisors LLC now owns 13,592 shares of the transportation company’s stock worth $730,000 after buying an additional 8,372 shares during the last quarter. ING Groep NV increased its stake in Delta Air Lines by 117.0% in the second quarter. ING Groep NV now owns 177,086 shares of the transportation company’s stock worth $9,517,000 after buying an additional 95,474 shares during the last quarter. Baskin Financial Services Inc. bought a new stake in Delta Air Lines during the second quarter worth about $7,276,000. Finally, Russell Investments Group Ltd. increased its stake in Delta Air Lines by 19.9% in the second quarter. Russell Investments Group Ltd. now owns 963,403 shares of the transportation company’s stock worth $51,779,000 after buying an additional 159,570 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.
About Delta Air Lines
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.
To view Vetr’s full report, visit Vetr’s official website.
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