Delta Air Lines (NYSE:DAL) Raised to “C-” at TheStreet

TheStreet upgraded shares of Delta Air Lines (NYSE:DALGet Rating) from a d+ rating to a c- rating in a research note released on Tuesday morning, TheStreetRatingsTable reports.

DAL has been the subject of a number of other reports. Melius began coverage on Delta Air Lines in a report on Monday, August 15th. They set a buy rating for the company. Susquehanna decreased their price objective on Delta Air Lines from $47.00 to $35.00 and set a positive rating for the company in a research note on Tuesday, July 12th. Argus cut Delta Air Lines from a buy rating to a hold rating in a research note on Friday, July 15th. Susquehanna Bancshares decreased their price objective on Delta Air Lines from $47.00 to $35.00 and set a positive rating for the company in a research note on Tuesday, July 12th. Finally, The Goldman Sachs Group lifted their price objective on Delta Air Lines from $44.00 to $45.00 in a research note on Wednesday, June 1st. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Delta Air Lines currently has a consensus rating of Moderate Buy and a consensus price target of $49.50.

Delta Air Lines Stock Performance

NYSE DAL opened at $29.96 on Tuesday. The stock has a market cap of $19.21 billion, a PE ratio of 32.57 and a beta of 1.18. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 6.01. Delta Air Lines has a twelve month low of $28.09 and a twelve month high of $46.27. The stock has a fifty day simple moving average of $32.47 and a 200-day simple moving average of $35.32.

Delta Air Lines (NYSE:DALGet Rating) last announced its earnings results on Wednesday, July 13th. The transportation company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.27). Delta Air Lines had a net margin of 1.43% and a return on equity of 14.26%. The firm had revenue of $13.82 billion for the quarter, compared to analysts’ expectations of $13.40 billion. During the same quarter last year, the business earned ($1.07) earnings per share. The business’s revenue was up 93.9% compared to the same quarter last year. Equities analysts anticipate that Delta Air Lines will post 2.79 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David S. Taylor bought 10,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The shares were acquired at an average price of $29.31 per share, with a total value of $293,100.00. Following the completion of the acquisition, the director now owns 43,010 shares in the company, valued at approximately $1,260,623.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Commerce Bank lifted its stake in shares of Delta Air Lines by 35.0% in the first quarter. Commerce Bank now owns 23,067 shares of the transportation company’s stock valued at $913,000 after purchasing an additional 5,975 shares during the period. Scout Investments Inc. acquired a new position in Delta Air Lines during the first quarter worth about $29,114,000. Pendal Group Ltd acquired a new position in Delta Air Lines during the first quarter worth about $258,000. Argent Trust Co raised its position in Delta Air Lines by 3.1% during the first quarter. Argent Trust Co now owns 34,172 shares of the transportation company’s stock worth $1,352,000 after acquiring an additional 1,037 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in Delta Air Lines by 1.3% during the first quarter. Stratos Wealth Partners LTD. now owns 34,940 shares of the transportation company’s stock worth $1,383,000 after acquiring an additional 432 shares during the last quarter. Institutional investors and hedge funds own 67.90% of the company’s stock.

About Delta Air Lines

(Get Rating)

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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