(NYSE:DAL) stock price has moved around 3% higher today after the company released an update for the March quarter.
In my view, Delta is making good progress with its strategy and this could help it to deliver an improving stock price performance.
Other equities research analysts also recently issued research reports about the company. Imperial Capital restated an outperform rating and set a $65.00 target price (up from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th.
Among 8 analysts covering Delta Airlines (NYSE:DAL), 8 have Buy rating, 0 Sell and 0 Hold. Vetr raised Delta Air Lines from a hold rating to a buy rating and set a $41.66 price objective for the company in a report on Tuesday, October 11th. Imperial Capital maintained it with "Buy" rating and $68.0 target in Thursday, March 15 report. Nomura maintained it with "Buy" rating and $120.0 target in Thursday, November 5 report. Rating Scale: 1.0 represent "Strong Buy" and 2.0 signify "Buy" 3.0 while shows "Hold".
The parent of British Airways, a partner of American, said Thursday that it bought a minority stake in one of those budget carriers, Norwegian Air Shuttle. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. Latest trading price was -8.54% downbeat to its 50-day moving average and below -14.04% to its 200-day moving average.
Investors must not feel shy to buy these stocks: Delta Air Lines, Inc. (DAL), Bristol-Myers Squibb Company (BMY)
In recent years, Delta has increased segmentation of its fares with the addition of Basic Economy seats, the introduction of Premium Economy cabins on worldwide flights and an upgrade of its Delta One business class product on new widebody deliveries. The firm's revenue was up 9.5% compared to the same quarter last year. equities analysts forecast that Delta Air Lines will post 6.23 earnings per share for the current year. The hedge fund run by Bain Capital held 3,273 shares of the technology company at the end of 2017Q4, valued at $1.30M, up from 667 at the end of the previous reported quarter. Revenue climbed 9.5 percent, to $9.97 billion, also beating analysts' expectations.
Buoyed by strong profits from its branded fare offerings, Delta plans to boost the number of premium seats on its aircraft by more than 10% this year. During the same quarter in the prior year, the firm posted $1.18 EPS. Moreover, Shell Asset Mngmt has 0.02% invested in Delta Air Lines, Inc.
On 1/16/2018 Joanne D Smith, EVP, sold 24,250 with an average share price of $59.03 per share and the total transaction amounting to $1,431,477.50. Also, Director George N. Mattson acquired 10,000 shares of the company's stock in a transaction dated Thursday, February 8th. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. JP Morgan maintained the stock with "Overweight" rating in Thursday, February 4 report. The stock was sold at an average price of $56.47, for a total value of $1,411,750.00. The disclosure for this purchase can be found here.
"There's a lot of bears. that say we do not want to own these stocks, there's a bad history here", Oglenski, director and senior equity analyst at Barclays Capital, told CNBC. It worsened, as 54 investors sold DAL shares while 267 reduced holdings. Livingston Group Asset Management CO operating as Southport Capital Management raised its holdings in Delta Air Lines by 1.8% during the 4th quarter. The stock increased 2.95% or $1.52 during the last trading session, reaching $52.99. Insiders own 0.20% of Delta Air Lines, Inc. Harel Insurance Investments & Financial Services Ltd. grew its stake in Delta Air Lines by 233.3% in the fourth quarter. (NYSE:DAL). State Board Of Administration Of Florida Retirement Sys has invested 0.14% in Delta Air Lines, Inc.
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