Delta Air Lines Inc. (NYSE:DAL) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $41.66 target price on the stock. Vetr‘s price target would indicate a potential upside of 6.99% from the stock’s previous close.

Several other research analysts also recently commented on DAL. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, June 15th. Zacks Investment Research downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Cowen and Company cut their price target on shares of Delta Air Lines from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, July 6th. Credit Suisse Group AG raised their price target on shares of Delta Air Lines from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, July 6th. Finally, Deutsche Bank AG raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, July 12th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.07.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) traded down 2.09% during mid-day trading on Tuesday, reaching $38.94. The company had a trading volume of 12,166,578 shares. Delta Air Lines has a 12-month low of $32.60 and a 12-month high of $52.77. The firm has a 50-day moving average price of $38.11 and a 200 day moving average price of $40.41. The firm has a market capitalization of $29.52 billion, a price-to-earnings ratio of 6.34 and a beta of 0.95.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 14th. The company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The company earned $10.45 billion during the quarter, compared to the consensus estimate of $10.51 billion. Delta Air Lines had a net margin of 11.88% and a return on equity of 40.31%. Delta Air Lines’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS. Analysts expect that Delta Air Lines will post $5.70 EPS for the current year.

In related news, Director George N. Mattson purchased 10,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average price of $36.50 per share, for a total transaction of $365,000.00. Following the completion of the transaction, the director now directly owns 54,750 shares of the company’s stock, valued at $1,998,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard H. Anderson sold 758,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 743,827 shares in the company, valued at approximately $29,805,147.89. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC boosted its position in shares of 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 position in shares of 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. bought a new position in shares of Delta Air Lines during the second quarter valued at about $124,000. Daiwa SB Investments Ltd. boosted its position in shares of 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 position in shares of 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. Institutional investors own 84.51% of the company’s stock.

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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