Delta Air Lines, Inc. (NYSE:DAL – Get Rating) SVP William C. Carroll sold 15,529 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $38.20, for a total transaction of $593,207.80. Following the completion of the sale, the senior vice president now owns 16,780 shares of the company’s stock, valued at $640,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Delta Air Lines Stock Performance
Shares of Delta Air Lines stock opened at $39.03 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 3.20. Delta Air Lines, Inc. has a twelve month low of $27.20 and a twelve month high of $46.27. The stock has a market cap of $25.03 billion, a price-to-earnings ratio of 19.13 and a beta of 1.20. The company’s fifty day moving average is $34.91 and its 200 day moving average is $32.96.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on DAL. Citigroup lifted their price target on shares of Delta Air Lines from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, December 19th. Raymond James boosted their price objective on shares of Delta Air Lines from $52.00 to $53.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 17th. Barclays boosted their price objective on shares of Delta Air Lines from $38.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, January 11th. Cowen upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research report on Friday, October 14th. Finally, Bank of America boosted their price objective on shares of Delta Air Lines from $40.00 to $43.00 in a research report on Tuesday, January 10th. Seventeen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $49.44.
Institutional Trading of Delta Air Lines
About Delta Air Lines
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.
- Get a free copy of the StockNews.com research report on Delta Air Lines (DAL)
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