Shares of Delta Air Lines, Inc. (NYSE:DAL) have been given an average rating of “Buy” by the twenty research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, sixteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $63.97.

A number of brokerages have recently weighed in on DAL. Cowen and Company boosted their price objective on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Imperial Capital raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Thursday, October 12th. Morgan Stanley reissued an “overweight” rating and set a $57.00 price objective (up from $56.00) on shares of Delta Air Lines in a report on Wednesday, October 4th. UBS AG reissued a “buy” rating and set a $62.00 price objective (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $63.00 price objective (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th.

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Delta Air Lines (NYSE:DAL) opened at 50.56 on Friday. Delta Air Lines has a 12-month low of $41.13 and a 12-month high of $55.75. The stock’s 50 day moving average price is $50.43 and its 200 day moving average price is $49.99. The company has a market capitalization of $36.20 billion, a PE ratio of 10.16 and a beta of 1.24.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 earnings per share. On average, equities analysts anticipate that Delta Air Lines will post $5.12 EPS for the current fiscal year.

In other Delta Air Lines news, CEO Edward H. Bastian sold 159,240 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.06, for a total value of $8,449,274.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 33,863 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The disclosure for this sale can be found here. In the last quarter, insiders acquired 35,000 shares of company stock valued at $274,960 and sold 200,001 shares valued at $10,630,333. Corporate insiders own 0.37% of the company’s stock.

Institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC raised its position in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Delta Air Lines in the second quarter worth about $114,000. FNY Managed Accounts LLC acquired a new position in shares of Delta Air Lines in the first quarter worth about $100,000. Bessemer Group Inc. raised its position in shares of Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after acquiring an additional 1,298 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 87.56% 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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