Sanford C. Bernstein initiated coverage on shares of Delta Air Lines Inc. (NYSE:DAL) in a research note released on Tuesday. The brokerage issued a market perform rating and a $43.00 target price on the stock.

A number of other analysts also recently commented on DAL. Vetr downgraded shares of Delta Air Lines from a strong-buy rating to a hold rating and set a $41.22 target price on the stock. in a report on Thursday, October 6th. Bank of America Corp. set a $60.00 target price on shares of Delta Air Lines and gave the stock a buy rating in a report on Tuesday, October 4th. Buckingham Research set a $54.00 target price on shares of Delta Air Lines and gave the stock a buy rating in a report on Wednesday, October 5th. Credit Suisse Group AG reiterated a buy rating and issued a $52.00 target price on shares of Delta Air Lines in a report on Tuesday, September 13th. Finally, Zacks Investment Research upgraded shares of Delta Air Lines from a strong sell rating to a hold rating in a report on Tuesday, September 6th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $53.07.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) traded up 0.475% on Tuesday, reaching $39.125. 4,664,384 shares of the company traded hands. The company has a 50-day moving average price of $38.11 and a 200-day moving average price of $40.41. The company has a market capitalization of $29.66 billion, a P/E ratio of 6.372 and a beta of 0.95. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.77.

In other Delta Air Lines news, EVP Steven M. Sear sold 4,670 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $37.18, for a total value of $173,630.60. Following the sale, the executive vice president now owns 52,173 shares of the company’s stock, valued at approximately $1,939,792.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard H. Anderson sold 758,000 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $40.07, for a total transaction of $30,373,060.00. Following the completion of the sale, the chairman now directly owns 743,827 shares in the company, valued at approximately $29,805,147.89. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in Delta Air Lines by 24.2% in the first quarter. Franklin Resources Inc. now owns 56,157 shares of the company’s stock valued at $2,734,000 after buying an additional 10,929 shares during the last quarter. Bessemer Group Inc. increased its position in Delta Air Lines by 48,550.0% in the first quarter. Bessemer Group Inc. now owns 27,244 shares of the company’s stock worth $1,326,000 after buying an additional 27,188 shares during the last quarter. Picton Mahoney Asset Management increased its position in Delta Air Lines by 587.0% in the first quarter. Picton Mahoney Asset Management now owns 140,490 shares of the company’s stock worth $6,839,000 after buying an additional 120,040 shares during the last quarter. AMF Pensionsforsakring AB increased its position in Delta Air Lines by 80.0% in the first quarter. AMF Pensionsforsakring AB now owns 1,053,710 shares of the company’s stock worth $51,295,000 after buying an additional 468,428 shares during the last quarter. Finally, Credit Agricole S A increased its position in Delta Air Lines by 25.4% in the first quarter. Credit Agricole S A now owns 1,069,035 shares of the company’s stock worth $52,041,000 after buying an additional 216,651 shares during the last quarter. 84.51% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Company Profile

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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