Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Delta Air Lines (DAL) Share Price
News articles about Delta Air Lines (NYSE:DAL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Delta Air Lines earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 46.6910446496944 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- 5 Things Delta Air Lines, Inc. Management Wants You to Know (fool.com)
- Delta Air Lines Reduces Its Debt: Can It Lower It Even More? (finance.yahoo.com)
- Airbus-Bombardier joint venture discussed by Trump and Ca… (finance.yahoo.com)
- Airline Stock Roundup: DAL Q3 Earnings Beat, JBLU Revises View (finance.yahoo.com)
- Canada foreign minister says NAFTA talks extension is good news (finance.yahoo.com)
Shares of Delta Air Lines (NYSE DAL) opened at 52.76 on Wednesday. The firm has a 50-day moving average price of $49.03 and a 200-day moving average price of $49.55. Delta Air Lines has a 52 week low of $39.05 and a 52 week high of $55.75. The firm has a market capitalization of $38.41 billion, a price-to-earnings ratio of 10.46 and a beta of 1.25.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. Delta Air Lines’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. On average, equities analysts expect that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on DAL shares. Atlantic Securities started coverage on Delta Air Lines in a research report on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 price target for the company. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. BidaskClub upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Bank of America Corporation raised their price target on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $63.84.
In other Delta Air Lines news, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the transaction, the director now owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Sear sold 6,898 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 75,000 shares of company stock worth $278,160 and have sold 200,001 shares worth $10,630,333. 0.37% of the stock is owned by insiders.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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