Delta Air Lines (NYSE:DAL) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Several other research analysts have also recently issued reports on DAL. Cowen restated a “buy” rating and issued a $66.00 target price on shares of Delta Air Lines in a report on Monday, August 14th. Deutsche Bank lowered their price objective on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. Stifel Nicolaus reissued a “buy” rating and set a $75.00 price objective (down previously from $80.00) on shares of Delta Air Lines in a research report on Friday, September 22nd. UBS reissued a “buy” rating and set a $62.00 price objective (down previously from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Finally, BidaskClub raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines has an average rating of “Buy” and a consensus target price of $63.39.

Shares of Delta Air Lines (NYSE:DAL) traded down $0.86 during trading on Friday, hitting $52.06. 8,853,092 shares of the stock were exchanged, compared to its average volume of 5,431,264. Delta Air Lines has a 52-week low of $43.81 and a 52-week high of $55.75. The stock has a market capitalization of $37,117.38, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 earnings per share. equities research analysts expect that Delta Air Lines will post 5 EPS for the current year.

In related news, CEO Edward H. Bastian sold 159,240 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total value of $8,449,274.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock worth $12,684,903 in the last quarter. Company insiders own 0.37% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DAL. Roundview Capital LLC grew its stake in Delta Air Lines by 0.3% in the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares in the last quarter. Traynor Capital Management Inc. boosted its stake in Delta Air Lines by 1.2% in the second 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 during the period. MUFG Securities EMEA plc boosted its stake in Delta Air Lines by 1.2% in the second 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 during the period. Advisory Services Network LLC raised its holdings in shares of Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after buying an additional 75 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in shares of Delta Air Lines by 0.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock valued at $2,386,000 after buying an additional 125 shares during the last quarter. 85.22% of the stock is currently owned by institutional investors and hedge funds.

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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 ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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