Delta Air Lines, Inc. (NYSE:DAL) Earns Overweight Rating from Morgan Stanley

Delta Air Lines, Inc. (NYSE:DAL)‘s stock had its “overweight” rating reissued by analysts at Morgan Stanley in a research report issued on Tuesday, September 12th.

Several other brokerages have also issued reports on DAL. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, July 4th. Deutsche Bank AG dropped their price target on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, September 6th. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Bank of America Corporation boosted their price objective on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, June 30th. Finally, ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and a consensus target price of $61.97.

Shares of Delta Air Lines (NYSE:DAL) opened at 48.47 on Tuesday. The company has a 50-day moving average of $48.31 and a 200 day moving average of $49.10. Delta Air Lines has a 12 month low of $37.48 and a 12 month high of $55.75. The company has a market capitalization of $35.29 billion, a P/E ratio of 9.61 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Zacks’ 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 return on equity of 28.33% and a net margin of 9.30%. Delta Air Lines’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. Analysts forecast that Delta Air Lines will post $5.12 EPS for the current year.

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In related news, Director George N. Mattson acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average price of $45.44 per share, with a total value of $272,640.00. Following the acquisition, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 3,700 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total value 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 three months, insiders have purchased 191,000 shares of company stock worth $287,440 and have sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Managed Accounts LLC bought a new position in Delta Air Lines in the 1st quarter worth about $100,000. TrimTabs Asset Management LLC increased its stake in Delta Air Lines by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after acquiring an additional 1,136 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Delta Air Lines in the 2nd quarter worth about $114,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Delta Air Lines by 40.3% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after acquiring an additional 793 shares during the last quarter. Finally, Ruggie Capital Group increased its stake in Delta Air Lines by 1,187.0% in the 1st quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock worth $127,000 after acquiring an additional 2,552 shares during the last quarter. Institutional investors and hedge funds own 86.26% of the company’s stock.

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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