Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $75.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 54.73% from the company’s current price.

DAL has been the topic of a number of other reports. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a research note on Tuesday, July 25th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and issued a $62.00 target price (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $61.63.

Delta Air Lines (NYSE DAL) traded up 0.64% during trading on Friday, reaching $48.47. 4,601,630 shares of the company’s stock were exchanged. The company’s 50-day moving average is $48.31 and its 200-day moving average is $49.10. The company has a market capitalization of $35.29 billion, a PE ratio of 9.61 and a beta of 1.25. Delta Air Lines has a 1-year low of $37.48 and a 1-year high of $55.75.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.

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In other news, President Glen W. Hauenstein sold 67,000 shares of Delta Air Lines stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the sale, the president now directly owns 239,418 shares in the company, valued at approximately $13,203,902.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the sale, the executive vice president now owns 77,223 shares in the company, valued at $4,170,042. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 191,000 shares of company stock worth $287,440 and have sold 75,700 shares worth $4,171,150. 0.37% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Roundview Capital LLC boosted its position in shares of Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 15 shares in the last quarter. Patten Group Inc. boosted its position in shares of Delta Air Lines by 0.3% during the 1st quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after acquiring an additional 30 shares in the last quarter. Traynor Capital Management Inc. boosted its position in shares of Delta Air Lines by 1.2% during the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after acquiring an additional 58 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Delta Air Lines by 0.8% during the 1st quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock valued at $372,000 after acquiring an additional 64 shares in the last quarter. Finally, MUFG Securities EMEA plc boosted its position in shares of Delta Air Lines by 1.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 86.26% 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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