Delta Air Lines, Inc. (NYSE:DAL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $61.99, but opened at $60.01. Delta Air Lines shares last traded at $59.07, with a volume of 7,354,318 shares changing hands.

Several research firms recently commented on DAL. Berenberg Bank began coverage on Delta Air Lines in a research report on Friday, September 6th. They set a “buy” rating and a $72.00 price objective on the stock. Buckingham Research increased their price objective on Delta Air Lines from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Friday, September 6th. Deutsche Bank increased their price objective on Delta Air Lines from $56.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, July 12th. Finally, Wolfe Research set a $69.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $68.12.

The business has a fifty day simple moving average of $58.59 and a two-hundred day simple moving average of $56.36. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. The company has a market cap of $38.65 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.47 and a beta of 1.19.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The company had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. Delta Air Lines’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.07 EPS for the current fiscal year.

In other news, SVP William C. Carroll sold 6,384 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $61.96, for a total value of $395,552.64. Following the transaction, the senior vice president now owns 23,010 shares of the company’s stock, valued at $1,425,699.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Glen W. Hauenstein sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $63.03, for a total value of $3,151,500.00. Following the completion of the transaction, the president now directly owns 267,526 shares in the company, valued at approximately $16,862,163.78. The disclosure for this sale can be found here. In the last three months, insiders sold 83,285 shares of company stock worth $5,219,381. 0.47% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after buying an additional 532,550 shares during the period. Northern Trust Corp raised its stake in shares of Delta Air Lines by 0.7% in the second quarter. Northern Trust Corp now owns 6,403,999 shares of the transportation company’s stock worth $363,428,000 after buying an additional 42,077 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Delta Air Lines by 15.0% in the first quarter. Neuberger Berman Group LLC now owns 6,124,500 shares of the transportation company’s stock worth $316,331,000 after buying an additional 798,959 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Delta Air Lines by 15.3% in the second quarter. UBS Asset Management Americas Inc. now owns 4,348,254 shares of the transportation company’s stock worth $246,763,000 after buying an additional 577,994 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of Delta Air Lines by 6.1% in the second quarter. APG Asset Management N.V. now owns 4,056,503 shares of the transportation company’s stock worth $202,148,000 after buying an additional 231,800 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Company Profile (NYSE:DAL)

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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