Delta Air Lines Inc. (NYSE:DAL) was down 2.6% during mid-day trading on Thursday . The company traded as low as $38.53 and last traded at $39.16, with a volume of 8,701,897 shares traded. The stock had previously closed at $40.21.

A number of equities research analysts have issued reports on DAL shares. Raymond James Financial Inc. upped their price target on shares of Delta Air Lines to $62.00 in a report on Friday, March 25th. Stephens started coverage on shares of Delta Air Lines in a report on Tuesday, March 29th. They set an “overweight” rating and a $65.00 price target for the company. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $56.34 price target for the company in a report on Tuesday, March 29th. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Finally, Credit Suisse Group AG restated an “outperform” rating on shares of Delta Air Lines in a report on Thursday, March 31st. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $59.56.

The firm has a 50 day moving average of $38.69 and a 200-day moving average of $43.89. The stock has a market capitalization of $29.53 billion and a P/E ratio of 6.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 14th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.51 billion. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 earnings per share. On average, equities research analysts forecast that Delta Air Lines Inc. will post $5.86 EPS for the current year.

In related news, Director George N. Mattson bought 5,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 4th. The stock was acquired at an average price of $41.39 per share, with a total value of $206,950.00. Following the acquisition, the director now owns 45,940 shares of the company’s stock, valued at approximately $1,901,456.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter W. Carter bought 2,500 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 4th. The shares were bought at an average cost of $41.42 per share, with a total value of $103,550.00. Following the acquisition, the executive vice president now directly owns 89,580 shares in the company, valued at approximately $3,710,403.60. The disclosure for this purchase can be found here.

Several hedge funds recently made changes to their positions in DAL. LS Investment Advisors LLC increased its stake in shares of Delta Air Lines by 64.9% in the fourth quarter. LS Investment Advisors LLC now owns 23,084 shares of the company’s stock valued at $1,170,000 after buying an additional 9,083 shares during the last quarter. Monetta Financial Services Inc. bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $1,217,000. Glacier Peak Capital LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $1,521,000. Matarin Capital Management LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $1,568,000. Finally, Atlanta Capital Group increased its stake in shares of Delta Air Lines by 51.6% in the fourth quarter. Atlanta Capital Group now owns 44,031 shares of the company’s stock valued at $2,232,000 after buying an additional 14,979 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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