Delta Air Lines Inc. (NYSE:DAL) shares were up 2.6% on Thursday . The stock traded as high as $41.35 and last traded at $40.59, with a volume of 12,898,916 shares traded. The stock had previously closed at $39.56.

Several research analysts recently weighed in on DAL shares. Raymond James Financial Inc. boosted their target price on Delta Air Lines to $62.00 in a research note on Friday, March 25th. Buckingham Research reiterated a “buy” rating on shares of Delta Air Lines in a research note on Friday, April 15th. Morgan Stanley reiterated a “buy” rating on shares of Delta Air Lines in a research note on Sunday, April 17th. Bank of America Corp. reiterated a “buy” rating and set a $65.00 price target on shares of Delta Air Lines in a research note on Tuesday, May 17th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Delta Air Lines in a research note on Monday, May 16th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $61.26.

The company’s 50 day moving average is $39.23 and its 200-day moving average is $44.35. The company has a market capitalization of $31.72 billion and a PE ratio of 6.87.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 14th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.51 by $0.04. During the same quarter in the previous year, the business earned $1.27 earnings per share. The company earned $10.45 billion during the quarter, compared to the consensus estimate of $10.51 billion. Delta Air Lines’s revenue was down 2.4% compared to the same quarter last year. Equities analysts forecast that Delta Air Lines Inc. will post $5.88 EPS for the current year.

In other Delta Air Lines news, Chairman Richard H. Anderson sold 912,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $43.75, for a total value of $39,900,000.00. Following the transaction, the chairman now directly owns 1,047,827 shares of the company’s stock, valued at $45,842,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard H. Anderson sold 123,704 shares of the firm’s stock in a transaction dated Friday, April 15th. The stock was sold at an average price of $47.43, for a total value of $5,867,280.72. Following the completion of the transaction, the chief executive officer now directly owns 326,708 shares in the company, valued at $15,495,760.44. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. First Trust Advisors LP boosted 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 valued at $20,948,000 after buying an additional 362,641 shares during the last quarter. ProShare Advisors LLC boosted 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 valued at $5,811,000 after buying an additional 5,572 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Delta Air Lines during the fourth quarter valued at about $3,386,000. OppenheimerFunds Inc. boosted its position in shares of Delta Air Lines by 10.0% in the fourth quarter. OppenheimerFunds Inc. now owns 495,679 shares of the company’s stock valued at $25,148,000 after buying an additional 45,082 shares during the last quarter. Finally, Fagan Associates Inc. purchased a new position in shares of Delta Air Lines during the fourth quarter valued at about $1,529,000.

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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