Several other analysts have also recently weighed in on the company. Melius assumed coverage on Delta Air Lines in a report on Monday, August 15th. They set a buy rating for the company. Argus cut Delta Air Lines from a buy rating to a hold rating in a report on Friday, July 15th. Susquehanna lowered their price target on shares of Delta Air Lines from $47.00 to $35.00 and set a positive rating on the stock in a research note on Tuesday, July 12th. Barclays cut their price objective on Delta Air Lines from $60.00 to $45.00 and set an overweight rating for the company in a report on Friday, July 8th. Finally, Evercore ISI lowered their price target on Delta Air Lines from $65.00 to $56.00 and set an outperform rating on the stock in a research report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $49.50.
Delta Air Lines Stock Performance
Shares of DAL opened at $29.96 on Tuesday. Delta Air Lines has a one year low of $28.09 and a one year high of $46.27. The company has a market capitalization of $19.21 billion, a PE ratio of 32.57 and a beta of 1.18. The company’s fifty day moving average price is $32.47 and its 200 day moving average price is $35.32. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.66 and a quick ratio of 0.59.
Insider Transactions at Delta Air Lines
In other Delta Air Lines news, Director David S. Taylor bought 10,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The shares were purchased at an average price of $29.31 per share, for a total transaction of $293,100.00. Following the acquisition, the director now owns 43,010 shares in the company, valued at approximately $1,260,623.10. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.84% of the company’s stock.
Institutional Investors Weigh In On Delta Air Lines
A number of large investors have recently made changes to their positions in DAL. Landmark Wealth Management LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth about $25,000. Candriam Luxembourg S.C.A. purchased a new stake in Delta Air Lines during the first quarter valued at approximately $502,000. Riverview Trust Co acquired a new stake in shares of Delta Air Lines in the 1st quarter worth $29,000. Tyler Stone Wealth Management acquired a new stake in Delta Air Lines in the fourth quarter worth about $29,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Delta Air Lines during the 1st quarter worth approximately $31,000. 67.90% of the stock is currently owned by institutional investors.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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