Barclays PLC assumed coverage on shares of Delta Air Lines, Inc. (NYSE:DAL) in a research note issued on Thursday, The Fly reports. The firm set an “overweight” rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on DAL. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price objective on the stock. in a report on Thursday, June 1st. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price objective (up from $75.00) on shares of Delta Air Lines in a report on Friday, July 14th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $60.16.

Delta Air Lines (NYSE DAL) opened at 49.67 on Thursday. The stock has a market capitalization of $36.16 billion, a price-to-earnings ratio of 9.85 and a beta of 1.20. Delta Air Lines has a 12-month low of $35.84 and a 12-month high of $55.75. The firm has a 50-day moving average of $52.59 and a 200 day moving average of $49.46.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. The business had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. Delta Air Lines’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. On average, analysts predict that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.

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In other Delta Air Lines news, EVP Joanne D. Smith sold 4,475 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $49.32, for a total transaction of $220,707.00. Following the transaction, the executive vice president now directly owns 85,398 shares of the company’s stock, valued at approximately $4,211,829.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the transaction, the chief executive officer now directly owns 285,508 shares in the company, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 394,000 shares of company stock worth $31,520 and have sold 131,306 shares worth $6,924,439. Company insiders own 0.37% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Wealth Partners LLC increased its position in shares of Delta Air Lines by 73.6% in the first quarter. Private Wealth Partners LLC now owns 9,200 shares of the transportation company’s stock valued at $423,000 after buying an additional 3,900 shares during the last quarter. Capital Investment Advisors LLC acquired a new position in shares of Delta Air Lines during the first quarter valued at about $216,000. Jolley Asset Management LLC increased its position in shares of Delta Air Lines by 0.9% in the first quarter. Jolley Asset Management LLC now owns 80,793 shares of the transportation company’s stock valued at $3,713,000 after buying an additional 729 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Delta Air Lines by 6.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,473 shares of the transportation company’s stock valued at $753,000 after buying an additional 947 shares during the last quarter. Finally, Regent Investment Management LLC increased its position in shares of Delta Air Lines by 13.9% in the first quarter. Regent Investment Management LLC now owns 16,362 shares of the transportation company’s stock valued at $752,000 after buying an additional 2,000 shares during the last quarter. 87.65% of the stock is currently owned by institutional investors.

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.

The Fly

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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