Todays Report: Today, Delta Air Lines Inc. (DAL) Coverage Initiated by Analysts at Sanford C. Bernstein

Today, Delta Air Lines Inc. (DAL) Coverage Initiated by Analysts at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Delta Air Lines Inc. (NYSE:DAL) in a research note released on Tuesday morning. The brokerage issued a market perform rating and a $43.00 target price on the stock.

DAL has been the subject of several other research reports. Bank of America Corp. set a $60.00 price objective on Delta Air Lines and gave the company a buy rating in a research note on Tuesday, October 4th. JPMorgan Chase & Co. lowered their price objective on Delta Air Lines from $63.00 to $48.50 and set an overweight rating for the company in a research note on Wednesday, July 27th. Credit Suisse Group AG reaffirmed a buy rating and issued a $52.00 price objective on shares of Delta Air Lines in a research note on Tuesday, September 13th. Zacks Investment Research raised Delta Air Lines from a strong sell rating to a hold rating in a research note on Tuesday, September 6th. Finally, Buckingham Research set a $54.00 price objective on Delta Air Lines and gave the company a buy rating in a research note on Wednesday, October 5th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Delta Air Lines presently has an average rating of Buy and an average target price of $53.17.

Delta Air Lines (NYSE:DAL) opened at 40.04 on Tuesday. The firm has a 50-day moving average of $38.38 and a 200-day moving average of $40.34. The company has a market cap of $30.35 billion, a price-to-earnings ratio of 6.52 and a beta of 0.95. Delta Air Lines has a 52 week low of $32.60 and a 52 week high of $52.77.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 13th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The firm earned $10.48 billion during the quarter. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. Equities analysts forecast that Delta Air Lines will post $5.70 earnings per share for the current year.

In related news, EVP Steven M. Sear sold 4,670 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total value of $173,630.60. Following the transaction, the executive vice president now directly owns 52,173 shares in the company, valued at approximately $1,939,792.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George N. Mattson bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $36.50 per share, for a total transaction of $365,000.00. Following the completion of the acquisition, the director now owns 54,750 shares in the company, valued at $1,998,375. The disclosure for this purchase can be found here. 0.75% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Archford Capital Strategies LLC boosted its position in shares of Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock valued at $100,000 after buying an additional 2,648 shares during the period. Capital Guardian Trust Co. boosted its position in shares of Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock valued at $116,000 after buying an additional 2,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Delta Air Lines during the second quarter valued at $124,000. Daiwa SB Investments Ltd. boosted its position in shares of Delta Air Lines by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 3,530 shares of the company’s stock valued at $128,000 after buying an additional 280 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Delta Air Lines by 1.9% in the second quarter. Quadrant Capital Group LLC now owns 4,211 shares of the company’s stock valued at $150,000 after buying an additional 79 shares during the period. Institutional investors own 84.49% of the company’s stock.

Delta Air Lines Company Profile

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