Delta Air Lines, Inc. (NYSE:DAL) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts have also issued reports about the company. Bank of America Corporation upped their target price on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Stifel Nicolaus restated a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. Sanford C. Bernstein restated an “outperform” rating and issued a $60.00 target price on shares of Delta Air Lines in a research note on Thursday, July 13th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Finally, Evercore ISI restated an “outperform” rating on shares of Delta Air Lines in a research note on Tuesday, July 4th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.74.

Delta Air Lines (NYSE:DAL) traded up 0.86% during mid-day trading on Wednesday, reaching $50.35. 917,408 shares of the company’s stock traded hands. The stock has a market capitalization of $36.65 billion, a PE ratio of 9.98 and a beta of 1.20. The firm’s 50-day moving average price is $52.24 and its 200 day moving average price is $49.45. Delta Air Lines has a 12 month low of $35.90 and a 12 month high of $55.75.

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

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In other news, CEO Edward H. Bastian sold 25,000 shares of the 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 sale, the chief executive officer now owns 285,508 shares in the company, valued at $13,861,413.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO W Gilbert West sold 26,131 shares of the stock in a transaction 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 sale, the chief operating officer now owns 89,232 shares in the company, valued at approximately $4,503,539.04. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 384,000 shares of company stock worth $30,720 and have sold 126,831 shares worth $6,703,732. 0.37% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in DAL. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at approximately $100,000. Tompkins Financial Corp acquired a new stake in shares of Delta Air Lines during the first quarter valued at approximately $107,000. TrimTabs Asset Management LLC boosted its stake in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at approximately $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares during the last quarter. Institutional investors own 87.88% of the company’s stock.

About Delta Air Lines

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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