Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Imperial Capital lifted their FY2017 EPS estimates for Delta Air Lines in a research note issued to investors on Monday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $4.92 per share for the year, up from their previous forecast of $4.80. Imperial Capital has a “In-Line” rating on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2017 earnings at $0.99 EPS, FY2018 earnings at $5.40 EPS and FY2019 earnings at $2.52 EPS.
A number of other brokerages also recently commented on DAL. Deutsche Bank AG increased their price target on shares of Delta Air Lines from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday. Vetr raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $51.80 price target for the company in a report on Monday, January 9th. Cowen and Company lowered their price target on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, April 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $44.00 price target on shares of Delta Air Lines in a report on Friday, March 3rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $60.00 price objective on shares of Delta Air Lines in a research note 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. Delta Air Lines presently has an average rating of “Buy” and an average target price of $53.43.
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Shares of Delta Air Lines (NYSE:DAL) traded down 0.85% during midday trading on Wednesday, reaching $45.54. The company’s stock had a trading volume of 3,612,547 shares. The company’s 50-day moving average price is $46.32 and its 200-day moving average price is $46.99. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.76. The company has a market cap of $33.15 billion, a PE ratio of 8.40 and a beta of 0.75.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm earned $9.15 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of DAL. Price T Rowe Associates Inc. MD increased its stake in Delta Air Lines by 46.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,045,364 shares of the transportation company’s stock valued at $552,826,000 after buying an additional 4,427,357 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Delta Air Lines by 58.7% in the fourth quarter. AQR Capital Management LLC now owns 8,263,263 shares of the transportation company’s stock valued at $406,470,000 after buying an additional 3,056,526 shares during the last quarter. Norges Bank acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $149,437,000. Discovery Capital Management LLC CT acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $125,828,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $57,319,000. 79.44% of the stock is owned by hedge funds and other institutional investors.
In other news, COO W Gilbert West sold 15,600 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $51.29, for a total transaction of $800,124.00. Following the completion of the sale, the chief operating officer now owns 111,113 shares of the company’s stock, valued at $5,698,985.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas R. Ralph purchased 1,000 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were bought at an average cost of $49.04 per share, with a total value of $49,040.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,040. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 173,165 shares of company stock valued at $312,700 and have sold 99,417 shares valued at $4,975,031. Insiders own 0.75% 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.
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