Delta Air Lines, Inc. (DAL) Raised to Buy at Vetr Inc.

Vetr upgraded shares of Delta Air Lines, Inc. (NYSE:DAL) from a hold rating to a buy rating in a research note published on Tuesday, July 18th. They currently have $56.43 target price on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of Delta Air Lines from a buy rating to a strong-buy rating in a research report on Tuesday, June 20th. Deutsche Bank AG reissued a buy rating and set a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Atlantic Securities initiated coverage on shares of Delta Air Lines in a research report on Tuesday, June 20th. They set an overweight rating and a $68.00 price objective for the company. Morgan Stanley reissued an overweight rating on shares of Delta Air Lines in a research report on Friday, April 7th. Finally, Imperial Capital increased their price objective on shares of Delta Air Lines from $52.00 to $54.00 and gave the stock an in-line rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Delta Air Lines presently has an average rating of Buy and a consensus target price of $60.16.

Delta Air Lines (DAL) traded down 1.421% during trading on Tuesday, reaching $49.615. 6,976,364 shares of the company’s stock traded hands. Delta Air Lines has a 12 month low of $35.84 and a 12 month high of $55.75. The firm’s 50 day moving average is $53.03 and its 200 day moving average is $49.49. The company has a market cap of $36.12 billion, a P/E ratio of 9.834 and a beta of 1.22.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the company posted $1.47 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that Delta Air Lines will post $5.12 EPS for the current year.

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In other news, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the sale, the president now owns 239,418 shares in the company, valued at approximately $13,203,902.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the sale, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last quarter, insiders acquired 379,000 shares of company stock valued at $30,320 and sold 131,306 shares valued at $6,924,439. Company insiders own 0.37% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new stake in Delta Air Lines during the first quarter worth about $100,000. Tompkins Financial Corp bought a new stake in Delta Air Lines during the first quarter worth about $107,000. TrimTabs Asset Management LLC boosted its stake in Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares in the last quarter. Advisory Services Network LLC bought a new stake in Delta Air Lines during the first quarter worth about $114,000. Finally, Bessemer Group Inc. boosted its stake in Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after buying an additional 1,298 shares in the last quarter. Institutional investors own 87.59% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.