Delta Air Lines (NYSE:DAL – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
DAL has been the subject of several other reports. Morgan Stanley raised their price target on shares of Delta Air Lines from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, April 14th. Evercore ISI raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, March 7th. JPMorgan Chase & Co. reduced their price objective on shares of Delta Air Lines from $81.00 to $69.00 in a research report on Monday, May 8th. Barclays lifted their target price on Delta Air Lines from $44.00 to $48.00 in a report on Friday, March 10th. Finally, Raymond James lifted their target price on Delta Air Lines from $53.00 to $54.00 and gave the stock a “strong-buy” rating in a report on Monday, April 3rd. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus price target of $49.38.
Delta Air Lines Stock Down 0.7 %
Shares of NYSE:DAL opened at $42.48 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 3.17. Delta Air Lines has a 12 month low of $27.20 and a 12 month high of $43.16. The firm has a market cap of $27.30 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.22 and a beta of 1.24. The company’s 50-day moving average price is $36.07 and its two-hundred day moving average price is $36.07.
Insider Activity
In related news, President Glen W. Hauenstein sold 5,000 shares of Delta Air Lines stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $34.53, for a total value of $172,650.00. Following the completion of the sale, the president now owns 273,712 shares of the company’s stock, valued at approximately $9,451,275.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Delta Air Lines news, EVP Joanne D. Smith sold 7,513 shares of Delta Air Lines stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $36.90, for a total transaction of $277,229.70. Following the completion of the transaction, the executive vice president now owns 107,782 shares of the company’s stock, valued at approximately $3,977,155.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Glen W. Hauenstein sold 5,000 shares of Delta Air Lines stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $34.53, for a total value of $172,650.00. Following the sale, the president now owns 273,712 shares of the company’s stock, valued at approximately $9,451,275.36. The disclosure for this sale can be found here. Insiders acquired a total of 15,000 shares of company stock valued at $503,250 in the last ninety days. 0.89% of the stock is currently owned by insiders.
Institutional Trading of Delta Air Lines
A number of hedge funds have recently bought and sold shares of DAL. Pacifica Partners Inc. lifted its position in Delta Air Lines by 117.6% in the 1st quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Sound Income Strategies LLC grew its stake in Delta Air Lines by 1,136.7% in the first quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock worth $26,000 after purchasing an additional 682 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in Delta Air Lines in the fourth quarter worth $28,000. Sittner & Nelson LLC boosted its holdings in Delta Air Lines by 200.0% in the fourth quarter. Sittner & Nelson LLC now owns 900 shares of the transportation company’s stock worth $30,000 after acquiring an additional 600 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Delta Air Lines in the fourth quarter valued at about $32,000. Institutional investors own 68.35% of the company’s stock.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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