TOday’s Movers: Delta Air Lines (NYSE:DAL) Stock Rating Reiterated by Buckingham; $71 Target Price Indicates 24.87 % Potential

September 8, 2018 - By Jack Shaw

Delta Air Lines, Inc. (NYSE:DAL) Logo

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.15, from 1.11 in 2017Q4. It is positive, as 56 investors sold Delta Air Lines, Inc. shares while 253 reduced holdings. 115 funds opened positions while 273 raised stakes. 569.91 million shares or 2.40% less from 583.95 million shares in 2017Q4 were reported.

First Citizens National Bank & Trust And Trust Co has invested 0.13% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Gateway Advisers Limited Com has invested 0.02% in Delta Air Lines, Inc. (NYSE:DAL). Hbk Invests Ltd Partnership stated it has 0.22% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Lansdowne (Uk) Llp accumulated 25.67 million shares. Ws Management Lllp holds 0.51% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 353,600 shares. Balyasny Asset Management Lc, Illinois-based fund reported 39,697 shares. 14,889 were reported by Kentucky Retirement Insur Trust Fund. Meridian Counsel, a California-based fund reported 11,349 shares. Td Asset holds 0.04% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 524,339 shares. Mariner Wealth Advsrs invested in 0.03% or 7,763 shares. Davenport And Limited Liability Corp has 0% invested in Delta Air Lines, Inc. (NYSE:DAL). Masters Cap Mngmt Ltd Limited Liability Company stated it has 1.19% in Delta Air Lines, Inc. (NYSE:DAL). Wagner Bowman Mgmt Corporation has invested 0.12% in Delta Air Lines, Inc. (NYSE:DAL). Burney invested in 0.06% or 17,676 shares. Steelhead Prns Ltd Limited Liability Company has 15,000 shares for 0.07% of their portfolio.

Since April 18, 2018, it had 0 insider buys, and 11 insider sales for $8.89 million activity. The insider West W Gilbert sold $607,106. $1.29 million worth of Delta Air Lines, Inc. (NYSE:DAL) was sold by CARP DANIEL A on Wednesday, July 25. $250,276 worth of Delta Air Lines, Inc. (NYSE:DAL) shares were sold by Smith Joanne D. 10,247 shares valued at $556,873 were sold by Sear Steven M on Wednesday, May 30. Meynard Craig M sold 1,793 shares worth $97,378.

Delta Air Lines (NYSE:DAL) Rating Reaffirmed

Buckingham now has a $71 TP on shares of Delta Air Lines (NYSE:DAL). The TP suggests a potential upside of 24.87 % from the current price of Delta Air Lines (NYSE:DAL). This rating was revealed in analysts note on Friday, 7 September.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Among 10 analysts covering Delta Air Lines (NYSE:DAL), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Delta Air Lines has $10000 highest and $53 lowest target. $68.60’s average target is 20.65% above currents $56.86 stock price. Delta Air Lines had 16 analyst reports since March 19, 2018 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Thursday, June 7. On Monday, July 16 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Friday, July 13 by Stifel Nicolaus. Imperial Capital maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Thursday, March 15. Imperial Capital has “Buy” rating and $68.0 target. The firm has “Hold” rating given on Tuesday, July 3 by Deutsche Bank. The firm earned “Buy” rating on Thursday, March 29 by Stephens. As per Monday, March 19, the company rating was maintained by Morgan Stanley. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Overweight” rating by Morgan Stanley on Thursday, April 12. The rating was maintained by Cowen & Co on Tuesday, April 3 with “Buy”. Buckingham Research maintained Delta Air Lines, Inc. (NYSE:DAL) on Friday, September 7 with “Buy” rating.

The stock increased 0.74% or $0.42 during the last trading session, reaching $56.86. About 6.31 million shares traded or 6.94% up from the average. Delta Air Lines, Inc. (NYSE:DAL) has risen 10.85% since September 8, 2017 and is uptrending. It has underperformed by 1.72% the S&P500.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on October, 10. They expect $1.76 earnings per share, up 12.10 % or $0.19 from last year’s $1.57 per share. DAL’s profit will be $1.21B for 8.08 P/E if the $1.76 EPS becomes a reality. After $1.77 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts -0.56 % negative EPS growth.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company has market cap of $39.16 billion. The firm operates through two divisions, Airline and Refinery. It has a 11.83 P/E ratio. The Company’s route network is centered around a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

More recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Bizjournals.com which released: “United Airlines falls to fourth (and last) in August on-time derby” on September 07, 2018. Also Bizjournals.com published the news titled: “American Airlines is focusing on its most profitable hubs. What does that mean for Phoenix?” on September 07, 2018. Seekingalpha.com‘s news article titled: “Delta Air Lines, Inc. (DAL) at Cowen and Company 11th Annual Global Transportation Conference (Transcript)” with publication date: September 05, 2018 was also an interesting one.

Delta Air Lines, Inc. (NYSE:DAL) Institutional Positions Chart

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