Delta Air Lines, Inc. (DAL) Stock Rating Reaffirmed by Morgan Stanley

Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “overweight” rating restated by research analysts at Morgan Stanley in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the company. Bank of America Corporation lifted their price objective on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, June 30th. BidaskClub upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reiterated a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Thursday, July 13th. Finally, ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.34.

Shares of Delta Air Lines (NYSE:DAL) opened at 48.82 on Tuesday. Delta Air Lines has a 52-week low of $36.59 and a 52-week high of $55.75. The stock has a market capitalization of $35.54 billion, a P/E ratio of 9.68 and a beta of 1.25. The company has a 50 day moving average price of $48.68 and a 200-day moving average price of $49.19.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.

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In other news, President Glen W. Hauenstein sold 67,000 shares of Delta Air Lines stock in a transaction that occurred 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 sale, the president now owns 239,418 shares of the company’s stock, valued at approximately $13,203,902.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the sale, the executive vice president now directly owns 77,223 shares in the company, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 275,000 shares of company stock worth $294,160 and have sold 75,700 shares worth $4,171,150. 0.37% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Roundview Capital LLC raised its position in shares of Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after buying an additional 15 shares during the period. Patten Group Inc. raised its position in shares of Delta Air Lines by 0.3% during the 1st quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after buying an additional 30 shares during the period. Traynor Capital Management Inc. raised its position in shares of Delta Air Lines by 1.2% during the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after buying an additional 58 shares during the period. Independent Advisor Alliance raised its position in shares of Delta Air Lines by 0.8% during the 1st quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock valued at $372,000 after buying an additional 64 shares during the period. Finally, MUFG Securities EMEA plc raised its position in shares of Delta Air Lines by 1.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after buying an additional 65 shares during the period. 86.49% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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