The Delta Air Lines Inc. (DAL) Downgraded by Vetr Inc.

The Delta Air Lines Inc. (DAL) Downgraded by Vetr Inc.

Vetr lowered shares of Delta Air Lines Inc. (NYSE:DAL) from a buy rating to a hold rating in a report published on Thursday. The firm currently has $40.40 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG upgraded shares of Delta Air Lines from a hold rating to a buy rating and set a $48.00 price objective for the company in a research note on Tuesday, July 12th. Argus restated a buy rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Friday, July 15th. Piper Jaffray Cos. set a $35.00 target price on shares of Delta Air Lines and gave the company a buy rating in a research report on Sunday, August 21st. Credit Suisse Group AG restated a buy rating and set a $52.00 target price on shares of Delta Air Lines in a research report on Tuesday, September 13th. Finally, Buckingham Research set a $54.00 target price on shares of Delta Air Lines and gave the company a buy rating in a research report on Wednesday, October 5th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $52.46.

Shares of Delta Air Lines (NYSE:DAL) opened at 39.35 on Thursday. Delta Air Lines has a 52 week low of $32.60 and a 52 week high of $52.77. The firm has a 50-day moving average price of $38.47 and a 200-day moving average price of $40.14. The stock has a market cap of $29.83 billion, a price-to-earnings ratio of 6.41 and a beta of 0.95.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 13th. The company reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The business earned $10.48 billion during the quarter. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Delta Air Lines will post $5.70 earnings per share for the current year.

In other news, insider Steven M. Sear sold 4,671 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $40.16, for a total value of $187,587.36. Following the transaction, the insider now directly owns 52,174 shares in the company, valued at approximately $2,095,307.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 4,670 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total transaction of $173,630.60. Following the completion of the transaction, the executive vice president now owns 52,173 shares in the company, valued at $1,939,792.14. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Primecap Management Co. CA raised its position in shares of Delta Air Lines by 3.4% in the first quarter. Primecap Management Co. CA now owns 19,136,680 shares of the company’s stock valued at $931,574,000 after buying an additional 620,550 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Delta Air Lines by 2,400.5% in the first quarter. Lazard Asset Management LLC now owns 282,478 shares of the company’s stock valued at $13,750,000 after buying an additional 271,181 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Delta Air Lines by 104.6% in the first quarter. Meeder Asset Management Inc. now owns 54,377 shares of the company’s stock valued at $2,647,000 after buying an additional 27,806 shares in the last quarter. State Street Corp raised its position in shares of Delta Air Lines by 1.7% in the first quarter. State Street Corp now owns 25,508,832 shares of the company’s stock valued at $1,241,772,000 after buying an additional 416,521 shares in the last quarter. Finally, Gardner Lewis Asset Management L P raised its position in shares of Delta Air Lines by 23.1% in the first quarter. Gardner Lewis Asset Management L P now owns 13,795 shares of the company’s stock valued at $672,000 after buying an additional 2,585 shares in the last quarter. Hedge funds and other institutional investors own 84.49% 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 around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

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