Delta Air Lines’ (DAL) “Outperform” Rating Reaffirmed at Evercore ISI

Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “outperform” rating reiterated by stock analysts at Evercore ISI in a report released on Friday, July 14th. They presently have a $66.00 target price on the transportation company’s stock. Evercore ISI’s price objective would suggest a potential upside of 31.19% from the stock’s previous close.

DAL has been the subject of several other research reports. Vetr cut Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 target price for the company. in a research note on Thursday, June 1st. BidaskClub raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a research note on Thursday, July 13th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $66.00 target price (up previously from $58.00) on shares of Delta Air Lines in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and an average price target of $60.16.

Delta Air Lines (NYSE DAL) opened at 50.31 on Friday. Delta Air Lines has a 52-week low of $35.84 and a 52-week high of $55.75. The company has a market cap of $36.63 billion, a price-to-earnings ratio of 9.97 and a beta of 1.20. The stock’s 50 day moving average is $52.75 and its 200 day moving average is $49.46.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.02. The company had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company’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, 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, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the transaction, the executive vice president now directly owns 77,223 shares in the company, valued at $4,170,042. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of Delta Air Lines stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.15, for a total value 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. Over the last three months, insiders acquired 394,000 shares of company stock valued at $31,520 and sold 131,306 shares valued at $6,924,439. Company insiders own 0.37% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new position in Delta Air Lines during the first quarter valued at approximately $100,000. Tompkins Financial Corp acquired a new position in Delta Air Lines during the first quarter valued at approximately $107,000. TrimTabs Asset Management LLC boosted its position in 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 last quarter. Advisory Services Network LLC acquired a new position in Delta Air Lines during the first quarter valued at approximately $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in 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 last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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