Vetr Inc. Upgrades Delta Air Lines, Inc. (DAL) to Strong-Buy
Vetr upgraded shares of Delta Air Lines, Inc. (NYSE:DAL) from a buy rating to a strong-buy rating in a report published on Tuesday morning. Vetr currently has $57.50 price objective on the transportation company’s stock.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Delta Air Lines from a hold rating to a strong-buy rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 4th. Citigroup Inc. upped their price objective on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a buy rating in a research note on Friday, May 12th. Bank of America Corporation upped their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a buy rating in a research note on Friday, June 30th. ValuEngine raised shares of Delta Air Lines from a buy rating to a strong-buy rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley reaffirmed an overweight rating on shares of Delta Air Lines in a research report on Friday, April 7th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $60.16.
Shares of Delta Air Lines (DAL) traded up 0.50% during mid-day trading on Tuesday, hitting $50.33. 8,652,638 shares of the stock were exchanged. Delta Air Lines has a one year low of $35.84 and a one year high of $55.75. The company has a 50-day moving average of $53.03 and a 200 day moving average of $49.49. The stock has a market cap of $36.64 billion, a PE ratio of 9.98 and a beta of 1.22. Delta Air Lines also was the target of some unusual options trading activity on Thursday. Investors purchased 36,394 call options on the stock. This is an increase of approximately 210% compared to the average volume of 11,746 call options.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. On average, equities analysts predict that Delta Air Lines will post $5.12 earnings per share for the current year.
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In other news, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.26, for a total value of $276,300.00. Following the completion of the transaction, the vice president now directly owns 7,437 shares in the company, valued at $410,968.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the transaction, the president now owns 239,418 shares of the company’s stock, valued at $13,203,902.70. The disclosure for this sale can be found here. In the last three months, insiders bought 381,000 shares of company stock valued at $30,480 and sold 131,306 shares valued at $6,924,439. 0.37% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DAL. FNY Managed Accounts LLC purchased a new position in shares of Delta Air Lines during the first quarter valued at $100,000. Tompkins Financial Corp purchased a new position in shares of Delta Air Lines during the first quarter valued at $107,000. TrimTabs Asset Management LLC increased its position in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares during the period. Advisory Services Network LLC purchased a new position in shares of Delta Air Lines during the first quarter valued at $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares during the period. Institutional investors and hedge funds own 87.70% 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 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.
To view Vetr’s full report, visit Vetr’s official website.
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