Delta Air Lines, Inc. (NYSE:DAL) Receives Consensus Rating of “Buy” from Brokerages

Shares of Delta Air Lines, Inc. (NYSE:DAL) have been assigned an average recommendation of “Buy” from the eighteen brokerages that are covering the company, AnalystRatings.NET reports. One research analyst has rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $62.10.

In related news, VP Craig M. Meynard sold 8,512 shares of the business’s stock in a transaction dated Tuesday, December 22nd. The shares were sold at an average price of $51.80, for a total transaction of $440,921.60. Following the sale, the vice president now owns 13,308 shares of the company’s stock, valued at $689,354.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul A. Jacobson sold 7,000 shares of the business’s stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $49.10, for a total transaction of $343,700.00. Following the sale, the chief financial officer now directly owns 290,322 shares in the company, valued at approximately $14,254,810.20. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of DAL. Eagle Asset Management raised its stake in Delta Air Lines by 86.5% in the third quarter. Eagle Asset Management now owns 4,989,598 shares of the company’s stock valued at $223,882,000 after buying an additional 2,314,723 shares during the last quarter. ING Groep boosted its position in shares of Delta Air Lines by 19.2% in the third quarter. ING Groep now owns 98,465 shares of the company’s stock valued at $4,417,000 after buying an additional 15,876 shares during the period. Gerstein Fisher boosted its position in shares of Delta Air Lines by 2.2% in the third quarter. Gerstein Fisher now owns 13,802 shares of the company’s stock valued at $619,000 after buying an additional 302 shares during the period. Finally, Ken Stern & Associates boosted its position in shares of Delta Air Lines by 16.0% in the third quarter. Ken Stern & Associates now owns 7,506 shares of the company’s stock valued at $337,000 after buying an additional 1,038 shares during the period.

Shares of Delta Air Lines (NYSE:DAL) traded down 3.85% during midday trading on Monday, hitting $48.74. The stock had a trading volume of 1,768,242 shares. The stock’s 50-day moving average price is $49.70 and its 200 day moving average price is $46.71. The company has a market cap of $38.41 billion and a price-to-earnings ratio of 14.03. Delta Air Lines has a 52 week low of $34.61 and a 52 week high of $52.77.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 14th. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.03. The business earned $11.10 billion during the quarter, compared to analyst estimates of $11.12 billion. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. On average, equities analysts forecast that Delta Air Lines will post $4.62 earnings per share for the current year.

A number of research firms recently weighed in on DAL. Evercore ISI upped their target price on shares of Delta Air Lines from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, December 18th. Cowen and Company restated a “buy” rating on shares of Delta Air Lines in a report on Saturday, December 19th. Deutsche Bank restated a “buy” rating and issued a $55.00 target price on shares of Delta Air Lines in a report on Thursday, November 19th. Vetr lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating and set a $50.02 target price on the stock. in a report on Wednesday, December 2nd. Finally, Zacks Investment Research lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Monday, December 21st.

12 Month Chart for NYSE:DAL

Delta Air Lines, Inc. (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services, including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

 

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