Delta Air Lines Inc. (NYSE:DAL) shares gapped up prior to trading on Friday . The stock had previously closed at $35.99, but opened at $36.37. Delta Air Lines shares last traded at $37.67, with a volume of 6,337,134 shares changing hands.

DAL has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Vetr cut shares of Delta Air Lines from a “buy” rating to a “sell” rating and set a $47.16 price target on the stock. in a research report on Wednesday, March 16th. Raymond James Financial Inc. increased their price target on shares of Delta Air Lines to $62.00 in a research report on Friday, March 25th. Credit Suisse Group AG reduced their price target on shares of Delta Air Lines from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $66.00 price target on shares of Delta Air Lines in a research report on Tuesday, April 12th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $61.26.

The firm has a market cap of $28.92 billion and a price-to-earnings ratio of 6.26. The stock has a 50-day moving average price of $39.57 and a 200 day moving average price of $44.63.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 14th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.29 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same period last year, the firm posted $0.45 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that Delta Air Lines Inc. will post $5.94 EPS for the current year.

In other Delta Air Lines news, COO W Gilbert West sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the chief operating officer now directly owns 106,990 shares of the company’s stock, valued at approximately $4,707,560. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George N. Mattson bought 5,000 shares of the business’s stock in a transaction on Wednesday, May 4th. The stock was acquired at an average cost of $41.39 per share, for a total transaction of $206,950.00. Following the completion of the transaction, the director now owns 45,940 shares in the company, valued at $1,901,456.60. The disclosure for this purchase can be found here.

Several institutional investors have made changes to their positions in the stock. First Trust Advisors LP raised its position in shares of Delta Air Lines by 716.4% in the fourth quarter. First Trust Advisors LP now owns 413,262 shares of the company’s stock worth $20,948,000 after buying an additional 362,641 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Delta Air Lines by 6.5% in the fourth quarter. TD Asset Management Inc. now owns 357,916 shares of the company’s stock worth $18,143,000 after buying an additional 22,000 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Delta Air Lines by 10.2% in the fourth quarter. Engineers Gate Manager LP now owns 126,706 shares of the company’s stock worth $6,423,000 after buying an additional 11,751 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Delta Air Lines by 5.1% in the fourth quarter. ProShare Advisors LLC now owns 114,643 shares of the company’s stock worth $5,811,000 after buying an additional 5,572 shares during the last quarter. Finally, Stevens Capital Management LP raised its position in shares of Delta Air Lines by 85.1% in the fourth quarter. Stevens Capital Management LP now owns 308,403 shares of the company’s stock worth $15,633,000 after buying an additional 141,768 shares during the last quarter.

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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