The stock of Delta Air Lines, Inc. (NYSE:DAL) is a huge mover today! About 5.84M shares traded hands. Delta Air Lines, Inc. (NYSE:DAL) has declined 18.24% since March 1, 2016 and is downtrending. It has underperformed by 27.48% the S&P500.
The move comes after 7 months positive chart setup for the $30.92 billion company. It was reported on Oct, 4 by Barchart.com. We have $60.16 PT which if reached, will make NYSE:DAL worth $14.84B more.
Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on October, 12. They expect $1.75 EPS, up 0.57% or $0.01 from last year’s $1.74 per share. DAL’s profit will be $1.33B for 5.81 P/E if the $1.75 EPS becomes a reality. After $1.47 actual EPS reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 19.05% EPS growth.
Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage
Out of 12 analysts covering Delta Air Lines (NYSE:DAL), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Delta Air Lines has been the topic of 23 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, August 3 by UBS. The firm has “Buy” rating by Deutsche Bank given on Monday, October 5. Stephens initiated it with “Overweight” rating and $65 target price in Tuesday, March 29 report. Credit Suisse maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Wednesday, July 6. Credit Suisse has “Outperform” rating and $51 price target. Credit Suisse maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Tuesday, April 12. Credit Suisse has “Outperform” rating and $59 price target. The rating was downgraded by Deutsche Bank on Friday, April 1 to “Hold”. Cowen & Co maintained it with “Outperform” rating and $62 target price in Friday, December 18 report. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, July 6 report. The company was upgraded on Tuesday, September 1 by Deutsche Bank. The company was maintained on Thursday, April 28 by Morgan Stanley.
According to Zacks Investment Research, “Delta is America’s fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.09, from 1.09 in 2016Q1. The ratio is negative, as 92 funds sold all Delta Air Lines, Inc. shares owned while 277 reduced positions. 75 funds bought stakes while 294 increased positions. They now own 620.66 million shares or 4.75% less from 651.60 million shares in 2016Q1.
Blackrock Institutional Tru Na holds 0.11% or 18.50 million shares in its portfolio. Cibc Asset Mgmt Inc has invested 0.02% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Convergence Investment Prtnrs Ltd Limited Liability Company holds 0.37% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 73,197 shares. Westpac Bk, a Australia-based fund reported 1.43M shares. Trilogy Advisors L P accumulated 0.55% or 487,468 shares. First Heartland Consultants Inc, a Missouri-based fund reported 14,712 shares. Masters Management Ltd Limited Liability Company last reported 2.00M shares in the company. Victory Incorporated last reported 25,409 shares in the company. Leuthold Ltd Company holds 1.01% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 262,696 shares. Royal Retail Bank Of Canada holds 1.54M shares or 0.03% of its portfolio. The Massachusetts-based Fiduciary Trust has invested 0.03% in Delta Air Lines, Inc. (NYSE:DAL). Moreover, New York Life Tru has 0.02% invested in Delta Air Lines, Inc. (NYSE:DAL) for 122 shares. Tyrian Investments Lp, a New York-based fund reported 36,700 shares. The Georgia-based Herndon Mgmt Llc has invested 0% in Delta Air Lines, Inc. (NYSE:DAL). New Century Mngmt accumulated 70,600 shares or 1.37% of the stock.
Insider Transactions: Since April 7, 2016, the stock had 4 buys, and 9 selling transactions for $102.13 million net activity. Another trade for 10,000 shares valued at $364,957 was bought by Mattson George N. 123,704 shares were sold by ANDERSON RICHARD H, worth $5.87 million on Friday, April 15. Sear Steven M sold $173,627 worth of stock. 6,736 Delta Air Lines, Inc. (NYSE:DAL) shares with value of $289,648 were sold by Smith Joanne D. BRINZO JOHN S had sold 2,480 shares worth $116,406. On Monday, July 25 the insider Jacobson Paul A bought $972,770. Shares for $852,480 were sold by Bastian Edward H.
More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Reuters.com which released: “Delta posts smaller-than-expected fall in passenger unit revenue” on October 04, 2016, also Bizjournals.com with their article: “Delta Air Lines using same tax tool as Trump, not paying federal income taxes” published on October 03, 2016, Bloomberg.com published: “Delta Agrees to 30% Raise for Pilots After Nine-Month Standoff” on September 30, 2016. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Dallasnews.com and their article: “Southwest Airlines pilot deal may be jeopardized by new Delta agreement” published on October 03, 2016 as well as Seekingalpha.com‘s news article titled: “Delta Air Lines: The Pros And The Cons” with publication date: September 13, 2016.
DAL Company Profile
Delta Air Lines, Inc. incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through divisions, including Airline Segment and Refinery Segment.
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