Delta Air Lines (NYSE:DAL) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Delta Air Lines (NYSE:DAL – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the transportation company’s stock.

Several other research analysts also recently weighed in on DAL. Citigroup upped their price objective on shares of Delta Air Lines from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, December 19th. Raymond James boosted their target price on Delta Air Lines from $52.00 to $53.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 17th. Barclays lifted their price target on shares of Delta Air Lines from $44.00 to $48.00 in a report on Friday, March 10th. Redburn Partners raised shares of Delta Air Lines from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, February 8th. Finally, Evercore ISI raised shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $47.00 in a report on Tuesday, March 7th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $49.47.

Delta Air Lines Price Performance

DAL stock opened at $33.23 on Thursday. The firm has a market cap of $21.31 billion, a P/E ratio of 16.29 and a beta of 1.26. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 3.14. The company’s 50-day moving average price is $38.25 and its two-hundred day moving average price is $34.58. Delta Air Lines has a 12 month low of $27.20 and a 12 month high of $46.27.

Delta Air Lines (NYSE:DAL – Get Rating) last posted its earnings results on Friday, January 13th. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.17. Delta Air Lines had a net margin of 2.61% and a return on equity of 45.69%. The firm had revenue of $13.44 billion for the quarter, compared to analyst estimates of $13.03 billion. On average, analysts anticipate that Delta Air Lines will post 5.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 15,529 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 16,780 shares in the company, valued at $640,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP William C. Carroll sold 15,529 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $38.20, for a total value of $593,207.80. Following the transaction, the senior vice president now directly owns 16,780 shares in the company, valued at $640,996. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William C. Carroll sold 5,481 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $40.01, for a total transaction of $219,294.81. Following the completion of the sale, the senior vice president now directly owns 8,720 shares of the company’s stock, valued at $348,887.20. The disclosure for this sale can be found here. Insiders have sold 43,980 shares of company stock worth $1,696,902 over the last quarter. Insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

A number of large investors have recently made changes to their positions in DAL. Coppell Advisory Solutions Corp. acquired a new position in Delta Air Lines during the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC increased its holdings in Delta Air Lines by 153.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 623 shares during the last quarter. Ten Capital Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at $29,000. Sittner & Nelson LLC raised its holdings in shares of Delta Air Lines by 200.0% in the 4th quarter. Sittner & Nelson LLC now owns 900 shares of the transportation company’s stock valued at $30,000 after buying an additional 600 shares during the period. Finally, First PREMIER Bank raised its holdings in shares of Delta Air Lines by 151.7% in the 3rd quarter. First PREMIER Bank now owns 1,095 shares of the transportation company’s stock valued at $31,000 after buying an additional 660 shares during the period. 66.47% of the stock is owned by hedge funds and other institutional investors.

About Delta Air Lines

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Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment.