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

Evercore ISI reiterated their outperform rating on shares of Delta Air Lines, Inc. (NYSE:DAL) in a report released on Thursday morning.

A number of other analysts have also weighed in on the company. Vetr upgraded Delta Air Lines from a buy rating to a strong-buy rating and set a $52.43 target price for the company in a research note on Monday, March 20th. Imperial Capital restated an in-line rating on shares of Delta Air Lines in a research note on Friday, March 17th. Cowen and Company reiterated an outperform rating and issued a $60.00 price objective on shares of Delta Air Lines in a research report on Monday, March 6th. Sanford C. Bernstein restated a market perform rating and set a $44.00 target price on shares of Delta Air Lines in a report on Friday, March 3rd. Finally, Morgan Stanley restated an overweight rating and set a $60.00 target price on shares of Delta Air Lines in a report on Wednesday, February 22nd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $53.43.

Shares of Delta Air Lines (NYSE:DAL) traded down 0.87% during mid-day trading on Thursday, hitting $45.53. 6,393,647 shares of the company traded hands. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $52.76. The firm has a market cap of $33.15 billion, a price-to-earnings ratio of 8.40 and a beta of 0.75. The firm has a 50-day moving average price of $46.32 and a 200 day moving average price of $46.99.

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

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In other news, CFO Paul A. Jacobson sold 20,100 shares of the stock in a transaction dated Friday, March 3rd. The stock was 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 of the company’s stock, valued at $19,338,246.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Francis S. Blake bought 5,665 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The shares were acquired at an average cost of $44.12 per share, with a total value of $249,939.80. Following the purchase, the director now directly owns 24,187 shares of the company’s stock, valued at $1,067,130.44. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 173,165 shares of company stock valued at $312,700 and sold 99,417 shares valued at $4,975,031. 0.75% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DAL. Virtus Investment Advisers Inc. purchased a new position in shares of Delta Air Lines during the third quarter valued at about $318,000. Hanlon Investment Management Inc. acquired a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $2,816,000. Hosking Partners LLP raised its stake in shares of Delta Air Lines by 13.6% in the third quarter. Hosking Partners LLP now owns 1,736,884 shares of the transportation company’s stock worth $68,364,000 after buying an additional 208,539 shares during the period. Gendell Jeffrey L raised its stake in shares of Delta Air Lines by 94.1% in the third quarter. Gendell Jeffrey L now owns 459,301 shares of the transportation company’s stock worth $18,078,000 after buying an additional 222,620 shares during the period. Finally, National Pension Service raised its stake in shares of Delta Air Lines by 9.7% in the third quarter. National Pension Service now owns 175,736 shares of the transportation company’s stock worth $6,917,000 after buying an additional 15,501 shares during the period. 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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