By otakuyassine3@gmail.com 
Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.23 and traded as high as $61.11. Delta Air Lines shares last traded at $60.50, with a volume of 4,325,692 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DAL. Citigroup upped their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Susquehanna lifted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. TD Cowen increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group lifted their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $75.83.
Get Our Latest Stock Report on Delta Air Lines
Delta Air Lines Stock Down 2.4 %
The company’s fifty day simple moving average is $61.60 and its 200 day simple moving average is $51.29. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $38.12 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35.
Delta Air Lines (NYSE:DAL – Get Free Report) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 6.08 EPS for the current year.
Insider Activity
In related news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,240 shares of company stock worth $8,044,893. Corporate insiders own 0.96% of the company’s stock.
Hedge Funds Weigh In On Delta Air Lines
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanders Capital LLC lifted its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after purchasing an additional 749,099 shares in the last quarter. Geode Capital Management LLC raised its position in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after acquiring an additional 1,105,674 shares during the period. Pzena Investment Management LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $281,206,000. Finally, Castle Hook Partners LP bought a new stake in shares of Delta Air Lines in the third quarter worth approximately $189,296,000. 69.93% of the stock is owned by institutional investors.
About Delta Air Lines
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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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