Research analysts at Sanford C. Bernstein initiated coverage on shares of Delta Air Lines Inc. (NYSE:DAL) in a report issued on Tuesday. The brokerage set a “market perform” rating and a $43.00 price target on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 8.12% from the stock’s current price.

DAL has been the subject of several other research reports. Bank of America Corp. set a $60.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Tuesday, October 4th. Evercore Partners Inc. restated a “hold” rating on shares of Delta Air Lines in a report on Friday, July 15th. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Deutsche Bank AG increased their price target on shares of Delta Air Lines from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Finally, Credit Suisse Group AG increased their price target on shares of Delta Air Lines from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 6th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $53.04.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 14th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. Delta Air Lines had a net margin of 11.88% and a return on equity of 40.31%. The business earned $10.45 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis.

In other Delta Air Lines news, EVP Steven M. Sear sold 4,670 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $37.18, for a total transaction of $173,630.60. Following the sale, the executive vice president now directly owns 52,173 shares of the company’s stock, valued at approximately $1,939,792.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George N. Mattson purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average cost of $36.50 per share, for a total transaction of $365,000.00. Following the completion of the purchase, the director now directly owns 54,750 shares in the company, valued at $1,998,375. The disclosure for this purchase can be found here. Company insiders own 0.75% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DAL. Archford Capital Strategies LLC boosted its stake in Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock valued at $100,000 after buying an additional 2,648 shares in the last quarter. Capital Guardian Trust Co. boosted its stake in Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock valued at $116,000 after buying an additional 2,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Delta Air Lines during the second quarter valued at about $124,000. Daiwa SB Investments Ltd. boosted its stake in Delta Air Lines by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 3,530 shares of the company’s stock valued at $128,000 after buying an additional 280 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Delta Air Lines by 1.9% in the second quarter. Quadrant Capital Group LLC now owns 4,211 shares of the company’s stock valued at $150,000 after buying an additional 79 shares in the last quarter. 84.51% of the stock is currently owned by institutional investors.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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