Delta Air Lines Inc. (NYSE:DAL) fell 2.6% on Friday . The stock traded as low as $39.71 and last traded at $39.93, with a volume of 8,627,057 shares traded. The stock had previously closed at $40.98.

Several brokerages have weighed in on DAL. Deutsche Bank AG reaffirmed a “hold” rating on shares of Delta Air Lines in a research report on Saturday, April 9th. Morgan Stanley reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Sunday, April 17th. Argus reissued a “buy” rating on shares of Delta Air Lines in a research note on Friday. Evercore ISI cut Delta Air Lines from a “buy” rating to a “hold” rating and decreased their price target for the stock from $60.00 to $50.00 in a research note on Friday. Finally, Evercore Partners Inc. reissued a “hold” rating on shares of Delta Air Lines in a research note on Friday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and an average price target of $59.21.

The firm has a market capitalization of $30.30 billion and a PE ratio of 6.51. The stock has a 50 day moving average of $39.07 and a 200 day moving average of $44.24.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 14th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. During the same quarter in the previous year, the firm posted $1.27 EPS. The business earned $10.45 billion during the quarter, compared to the consensus estimate of $10.51 billion. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts predict that Delta Air Lines Inc. will post $5.89 earnings per share for the current year.

In other news, CEO Richard H. Anderson sold 126,390 shares of Delta Air Lines stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $46.98, for a total value of $5,937,802.20. Following the completion of the sale, the chief executive officer now directly owns 453,098 shares of the company’s stock, valued at approximately $21,286,544.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard H. Anderson sold 264,300 shares of Delta Air Lines stock in a transaction on Monday, April 18th. The shares were sold at an average price of $46.49, for a total value of $12,287,307.00. Following the completion of the sale, the chief executive officer now directly owns 591,008 shares of the company’s stock, valued at $27,475,961.92. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Delta Air Lines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 43,325,413 shares of the company’s stock valued at $2,196,165,000 after buying an additional 450,073 shares during the period. State of Tennessee Treasury Department boosted its stake in Delta Air Lines by 43.3% in the fourth quarter. State of Tennessee Treasury Department now owns 1,326,208 shares of the company’s stock valued at $67,226,000 after buying an additional 400,552 shares during the period. I.G. Investment Management LTD. purchased a new stake in Delta Air Lines during the fourth quarter valued at approximately $14,615,000. Schroder Investment Management Group boosted its stake in Delta Air Lines by 256.4% in the fourth quarter. Schroder Investment Management Group now owns 361,194 shares of the company’s stock valued at $18,308,000 after buying an additional 259,860 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Delta Air Lines by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 2,049,932 shares of the company’s stock valued at $103,912,000 after buying an additional 236,710 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.