Macquarie assumed coverage on shares of Delta Air Lines, Inc. (NYSE:DAL) in a research note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the transportation company’s stock.

Other research analysts have also recently issued research reports about the company. Bank of America Corporation upped their price target on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, June 30th. BidaskClub raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Delta Air Lines in a report on Thursday, July 13th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Finally, Imperial Capital reaffirmed a “hold” rating and issued a $50.00 price target on shares of Delta Air Lines in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $61.63.

Shares of Delta Air Lines (NYSE DAL) traded down 0.29% during midday trading on Monday, reaching $48.33. The company’s stock had a trading volume of 4,914,239 shares. The stock’s 50 day moving average is $48.31 and its 200 day moving average is $49.10. The stock has a market capitalization of $35.18 billion, a PE ratio of 9.58 and a beta of 1.25. Delta Air Lines has a 12 month low of $37.91 and a 12 month high of $55.75.

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

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In related news, Director George N. Mattson purchased 6,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the acquisition, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of the business’s stock in a transaction on 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 transaction, the president now owns 239,418 shares in the company, valued at $13,203,902.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 191,000 shares of company stock worth $287,440 and have sold 75,700 shares worth $4,171,150. Insiders own 0.37% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Roundview Capital LLC grew its holdings 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. Huntington National Bank grew its holdings in shares of Delta Air Lines by 0.4% during the 2nd quarter. Huntington National Bank now owns 5,500 shares of the transportation company’s stock valued at $200,000 after acquiring an additional 21 shares in the last quarter. Patten Group Inc. grew its holdings 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. Wetherby Asset Management Inc. grew its holdings in shares of Delta Air Lines by 0.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 6,020 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 49 shares in the last quarter. Finally, Traynor Capital Management Inc. grew its holdings 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. 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.

The Fly

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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