Deutsche Bank AG restated their buy rating on shares of Delta Air Lines, Inc. (NYSE:DAL) in a report published on Friday morning. The firm currently has a $62.00 target price on the transportation company’s stock, up from their prior target price of $58.00.

DAL has been the topic of a number of other reports. ValuEngine upgraded shares of Delta Air Lines from a buy rating to a strong-buy rating in a research note on Tuesday, June 20th. Vetr lowered shares of Delta Air Lines from a strong-buy rating to a buy rating and set a $55.68 price target on the stock. in a research note on Thursday, June 1st. Evercore ISI upgraded shares of Delta Air Lines from an in-line rating to an outperform rating and set a $56.00 price target on the stock in a research note on Thursday, March 16th. Atlantic Securities started coverage on shares of Delta Air Lines in a research note on Tuesday, June 20th. They set an overweight rating and a $68.00 price target on the stock. Finally, Morgan Stanley reiterated an overweight rating on shares of Delta Air Lines in a research note on Friday, April 7th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $59.41.

Delta Air Lines (NYSE DAL) traded down 0.89% on Friday, hitting $54.64. 5,387,411 shares of the stock were exchanged. The stock’s 50 day moving average price is $50.96 and its 200 day moving average price is $48.99. Delta Air Lines has a 52-week low of $35.84 and a 52-week high of $55.75. The firm has a market cap of $39.78 billion, a PE ratio of 10.83 and a beta of 1.22.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by $0.02. The company had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 earnings per share. Equities research analysts forecast that Delta Air Lines will post $5.12 earnings per share for the current year.

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In other news, COO W Gilbert West sold 26,131 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $50.47, for a total value of $1,318,831.57. Following the completion of the sale, the chief operating officer now directly owns 89,232 shares of the company’s stock, valued at $4,503,539.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $49.32, for a total value of $220,707.00. Following the completion of the sale, the executive vice president now directly owns 85,398 shares of the company’s stock, valued at $4,211,829.36. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 478,000 shares of company stock valued at $38,240 and sold 55,606 shares valued at $2,753,289. Corporate insiders own 0.37% of the company’s stock.

Several large investors have recently bought and sold shares of DAL. Trust Co increased its stake in Delta Air Lines by 22.0% in the fourth quarter. Trust Co now owns 20,599 shares of the transportation company’s stock valued at $1,013,000 after buying an additional 3,712 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Delta Air Lines by 10.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,247,785 shares of the transportation company’s stock valued at $57,349,000 after buying an additional 117,858 shares during the last quarter. Norman Fields Gottscho Capital Management LLC purchased a new stake in Delta Air Lines during the first quarter valued at $2,926,000. Liberty Capital Management Inc. increased its stake in Delta Air Lines by 5.3% in the first quarter. Liberty Capital Management Inc. now owns 23,792 shares of the transportation company’s stock valued at $1,093,000 after buying an additional 1,207 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Delta Air Lines by 180.5% in the fourth quarter. Macquarie Group Ltd. now owns 237,005 shares of the transportation company’s stock valued at $11,659,000 after buying an additional 152,505 shares during the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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