Delta Air Lines, Inc. (NYSE:DAL) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Monday. The firm currently has a $52.43 target price on the transportation company’s stock. Vetr‘s price target would indicate a potential upside of 15.15% from the company’s previous close.

A number of other analysts have also commented on DAL. Imperial Capital reaffirmed an “in-line” rating on shares of Delta Air Lines in a research note on Friday, March 17th. Evercore ISI raised Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $56.00 price target for the company in a research note on Thursday, March 16th. Cowen and Company reissued an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Monday, March 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $44.00 price objective on shares of Delta Air Lines in a research report on Friday, March 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Wednesday, February 22nd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $53.43.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) opened at 45.53 on Monday. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $52.76. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 8.40 and a beta of 0.75. The firm has a 50-day moving average of $46.19 and a 200-day moving average of $47.03.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The firm earned $9.15 billion during the quarter, compared to analyst estimates of $9.14 billion. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 earnings per share. On average, equities research analysts forecast that Delta Air Lines will post $5.12 EPS for the current fiscal year.

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In other Delta Air Lines news, Director Francis S. Blake acquired 5,665 shares of the business’s stock in a transaction on Monday, April 17th. The shares were bought at an average price of $44.12 per share, with a total value of $249,939.80. Following the transaction, the director now directly owns 24,187 shares of the company’s stock, valued at approximately $1,067,130.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Glen W. Hauenstein sold 43,717 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $50.82, for a total value of $2,221,697.94. Following the completion of the transaction, the president now directly owns 172,418 shares in the company, valued at approximately $8,762,282.76. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 173,165 shares of company stock worth $312,700 and sold 99,417 shares worth $4,975,031. Insiders own 0.75% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DAL. Edmond DE Rothschild Italia SGR SPA increased its position in shares of Delta Air Lines by 1.1% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 6,277 shares of the transportation company’s stock valued at $247,000 after buying an additional 71 shares during the period. Fishman Jay A Ltd. MI increased its position in shares of Delta Air Lines by 0.3% in the third quarter. Fishman Jay A Ltd. MI now owns 22,978 shares of the transportation company’s stock valued at $904,000 after buying an additional 78 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Delta Air Lines by 1.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,379 shares of the transportation company’s stock valued at $314,000 after buying an additional 91 shares during the period. M Holdings Securities Inc. boosted its stake in shares of Delta Air Lines by 1.4% in the fourth quarter. M Holdings Securities Inc. now owns 7,718 shares of the transportation company’s stock valued at $380,000 after buying an additional 103 shares in the last quarter. Finally, Breton Hill Capital Ltd. boosted its stake in shares of Delta Air Lines by 0.6% in the third quarter. Breton Hill Capital Ltd. now owns 22,222 shares of the transportation company’s stock valued at $875,000 after buying an additional 135 shares in the last quarter. 79.44% 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 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.

5 Day Chart for NYSE:DAL

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