Vetr Inc. Upgrades Delta Air Lines, Inc. (DAL) to “Buy”

Vetr upgraded shares of Delta Air Lines, Inc. (NYSE:DAL) from a hold rating to a buy rating in a report published on Tuesday. They currently have $56.43 price target on the transportation company’s stock.

Several other analysts also recently issued reports on the company. Evercore ISI reissued an outperform rating on shares of Delta Air Lines in a report on Thursday, April 6th. Morgan Stanley reissued an overweight rating on shares of Delta Air Lines in a report on Friday, April 7th. Cowen and Company cut their price target on Delta Air Lines from $60.00 to $58.00 and set an outperform rating on the stock in a report on Monday, April 10th. Deutsche Bank AG raised their price target on Delta Air Lines from $56.00 to $58.00 and gave the stock a buy rating in a report on Tuesday, April 18th. Finally, Citigroup Inc. raised their price target on Delta Air Lines from $63.00 to $65.00 and gave the stock a buy rating in a report on Friday, May 12th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Delta Air Lines presently has an average rating of Buy and an average price target of $59.41.

Delta Air Lines (NYSE DAL) traded down 1.06% on Tuesday, reaching $52.27. The company’s stock had a trading volume of 2,226,408 shares. Delta Air Lines has a 52 week low of $35.84 and a 52 week high of $55.75. The company has a market capitalization of $38.05 billion, a price-to-earnings ratio of 10.36 and a beta of 1.22. The firm’s 50 day moving average price is $53.10 and its 200-day moving average price is $49.43.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the business earned $1.47 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines will post $5.12 EPS for the current year.

In other news, COO W Gilbert West sold 26,131 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $50.47, for a total value of $1,318,831.57. Following the completion of the sale, the chief operating officer now owns 89,232 shares of the company’s stock, valued at $4,503,539.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total value of $1,213,750.00. Following the completion of the sale, the chief executive officer now directly owns 285,508 shares of the company’s stock, valued at approximately $13,861,413.40. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 442,000 shares of company stock worth $35,360 and sold 131,306 shares worth $6,924,439. Insiders own 0.37% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Patten Group Inc. boosted its stake in shares of Delta Air Lines by 0.3% in the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after buying an additional 30 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Delta Air Lines by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 6,020 shares of the transportation company’s stock valued at $277,000 after buying an additional 49 shares during the period. Independent Advisor Alliance boosted its stake in shares of Delta Air Lines by 0.8% in the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock valued at $372,000 after buying an additional 64 shares during the period. Banced Corp boosted its stake in shares of Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock valued at $425,000 after buying an additional 96 shares during the period. Finally, M Holdings Securities Inc. boosted its stake in shares of Delta Air Lines by 1.4% in the fourth quarter. M Holdings Securities Inc. now owns 7,718 shares of the transportation company’s stock valued at $380,000 after buying an additional 103 shares during the period. 86.15% of the stock is owned by institutional investors and hedge funds.

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.

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