Delta Air Lines, Inc. (DAL) Receives “Outperform” Rating from Evercore ISI

Evercore ISI reaffirmed their outperform rating on shares of Delta Air Lines, Inc. (NYSE:DAL) in a research report sent to investors on Thursday, April 6th.

A number of other brokerages have also issued reports on DAL. Imperial Capital restated an in-line rating on shares of Delta Air Lines in a research note on Friday, March 17th. Vetr upgraded shares of Delta Air Lines from a sell rating to a hold rating and set a $49.64 target price on the stock in a research note on Wednesday, December 21st. Sanford C. Bernstein upgraded shares of Delta Air Lines from a market perform rating to an outperform rating and upped their target price for the company from $57.00 to $61.00 in a research note on Monday, February 6th. Finally, Cowen and Company upped their target price on shares of Delta Air Lines from $57.00 to $60.00 and gave the company an outperform rating in a research note on Friday, January 13th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $53.43.

Delta Air Lines (NYSE:DAL) opened at 48.64 on Thursday. The stock has a market capitalization of $35.41 billion, a P/E ratio of 8.97 and a beta of 0.75. The company’s 50-day moving average price is $45.93 and its 200 day moving average price is $47.50. Delta Air Lines has a 52 week low of $32.60 and a 52 week high of $52.76.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the previous year, the business posted $1.32 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines will post $5.12 EPS for the current fiscal year.

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In related news, CFO Paul A. Jacobson sold 20,100 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $50.09, for a total value of $1,006,809.00. Following the completion of the sale, the chief financial officer now owns 386,070 shares in the company, valued at approximately $19,338,246.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Francis S. Blake purchased 5,665 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 17th. The stock was purchased at an average price of $44.12 per share, with a total value of $249,939.80. Following the transaction, the director now owns 24,187 shares in the company, valued at approximately $1,067,130.44. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 265,165 shares of company stock valued at $271,000 and have sold 79,417 shares valued at $4,028,631. 0.75% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Seminole Management Co. Inc. increased its stake in shares of Delta Air Lines by 2.9% in the third quarter. Seminole Management Co. Inc. now owns 1,063,997 shares of the transportation company’s stock valued at $41,879,000 after buying an additional 29,671 shares during the period. Strategic Advisors LLC bought a new position in Delta Air Lines during the third quarter valued at $435,000. Alpha Cubed Investments LLC bought a new position in Delta Air Lines during the third quarter valued at $311,000. IFC Holdings Incorporated FL raised its position in Delta Air Lines by 17.2% in the third quarter. IFC Holdings Incorporated FL now owns 8,094 shares of the transportation company’s stock valued at $318,000 after buying an additional 1,185 shares in the last quarter. Finally, Saddle Road Partners LLC bought a new position in Delta Air Lines during the third quarter valued at $630,000. Institutional investors and hedge funds own 79.44% 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.

5 Day Chart for NYSE:DAL

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