Delta Air Lines Inc. (NYSE:DAL) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Thursday. They presently have a $40.40 price target on the stock. Vetr‘s price target suggests a potential upside of 0.90% from the company’s current price.

Other analysts have also issued reports about the stock. Argus reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Delta Air Lines in a research note on Friday, July 15th. Evercore Partners Inc. reaffirmed a “hold” rating on shares of Delta Air Lines in a research note on Friday, July 15th. Evercore ISI lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $60.00 to $50.00 in a research note on Friday, July 15th. Buckingham Research set a $54.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, October 5th. Finally, Bank of America Corp. set a $60.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Tuesday, October 4th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $53.17.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Shares of Delta Air Lines (NYSE:DAL) opened at 40.04 on Thursday. The stock has a market cap of $30.35 billion, a P/E ratio of 6.52 and a beta of 0.95. The stock’s 50 day moving average is $38.38 and its 200-day moving average is $40.34. Delta Air Lines has a one year low of $32.60 and a one year high of $52.77.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 13th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. The firm earned $10.48 billion during the quarter. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 earnings per share. On average, equities analysts forecast that Delta Air Lines will post $5.70 EPS for the current year.

In related news, CFO Paul A. Jacobson acquired 25,000 shares of the stock in a transaction on Monday, July 25th. The shares were acquired at an average price of $38.91 per share, for a total transaction of $972,750.00. Following the transaction, the chief financial officer now owns 328,631 shares in the company, valued at approximately $12,787,032.21. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director George N. Mattson acquired 10,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was bought at an average price of $36.50 per share, for a total transaction of $365,000.00. Following the transaction, the director now owns 54,750 shares in the company, valued at approximately $1,998,375. The disclosure for this purchase can be found here. 0.75% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in DAL. 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 in the last quarter. Bessemer Group Inc. raised its position in shares of 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 period. AMF Pensionsforsakring AB raised its position in shares of 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 period. Credit Agricole S A raised its position in shares of 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 period. Finally, Canada Pension Plan Investment Board raised its position in shares of Delta Air Lines by 58.1% in the first quarter. Canada Pension Plan Investment Board now owns 879,124 shares of the company’s stock worth $42,796,000 after buying an additional 323,013 shares during the period. Institutional investors and hedge funds own 84.51% of the company’s stock.

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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