Delta Air Lines, Inc. (NYSE:DAL) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued research reports about the company. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price for the company in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $62.00 target price (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Atlantic Securities assumed coverage on Delta Air Lines in a research report on Tuesday, June 20th. They set an “overweight” rating and a $68.00 target price for the company. Finally, Imperial Capital upped their target price on Delta Air Lines from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $60.74.

Shares of Delta Air Lines (DAL) traded up 0.42% on Wednesday, reaching $50.13. 3,696,017 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $52.16 and its 200-day moving average price is $49.45. Delta Air Lines has a 12 month low of $35.90 and a 12 month high of $55.75. The company has a market capitalization of $36.49 billion, a P/E ratio of 9.94 and a beta of 1.20.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the prior year, the company posted $1.47 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Delta Air Lines will post $5.12 EPS for the current year.

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In related news, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total value of $1,213,750.00. Following the completion of the transaction, the chief executive officer now directly owns 285,508 shares of the company’s stock, valued at $13,861,413.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO W Gilbert West sold 26,131 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $50.47, for a total value of $1,318,831.57. Following the completion of the transaction, the chief operating officer now directly owns 89,232 shares of the company’s stock, valued at $4,503,539.04. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 384,000 shares of company stock valued at $30,720 and sold 126,831 shares valued at $6,703,732. 0.37% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of The West raised its position in Delta Air Lines by 1.4% in the first quarter. Bank of The West now owns 267,286 shares of the transportation company’s stock valued at $12,284,000 after buying an additional 3,782 shares in the last quarter. Hosking Partners LLP raised its position in Delta Air Lines by 10.0% in the first quarter. Hosking Partners LLP now owns 1,861,777 shares of the transportation company’s stock valued at $85,567,000 after buying an additional 169,097 shares in the last quarter. US Bancorp DE raised its position in Delta Air Lines by 15.1% in the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock valued at $74,262,000 after buying an additional 181,027 shares in the last quarter. Quantitative Investment Management LLC raised its position in Delta Air Lines by 2.5% in the first quarter. Quantitative Investment Management LLC now owns 100,800 shares of the transportation company’s stock valued at $4,632,000 after buying an additional 2,500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Delta Air Lines by 1.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,886 shares of the transportation company’s stock valued at $3,396,000 after buying an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 87.88% 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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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