January 20, 2018

Delta Air Lines (NYSE:DAL) Getting Somewhat Favorable Media Coverage, Analysis Shows

13 January 2018, 02:38 | Melvin Schneider

Investors Certainly Aren't Enthralled With Finjan Holdings, Inc. (FNJN), Delta Air Lines, Inc. (DAL)

Delta Air Lines (DAL) Upgraded by Vetr to Sell

DAL has been the subject of a number of analyst reports. Cowen reaffirmed a buy rating and issued a $60.00 price target on shares of Delta Air Lines in a research note on Tuesday, September 5th. The stock is now moving above its 20-Day Simple Moving Average of 0.57% with a 50-Day Simple Moving Average of 6.13 percent. Cowen & Co maintained the shares of DAL in report on Friday, December 9 with "Outperform" rating. The rating was maintained by Deutsche Bank on Wednesday, September 6 with "Buy". (NYSE:DAL) and United Continental Holdings, Inc.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.63 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. The stock now has an average rating of "Buy" and a consensus price target of $65.53. The stock decreased 0.09% or $0.03 during the last trading session, reaching $32.9. The Firm has ATR of 1.14 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range. The company maintains price to book ratio of 2.76 industry average at 1.74. Insiders own 0.37% of the company's stock.

Delta Air Lines is reporting fourth-quarter profit of $US572 million ($A801 million), easily beating expectations.

Total operating revenue rose 8.3 per cent to US$10.25 billion from US$9.46 billion.

Why Investors anticipate Poor Future Performance for Delta Air Lines, Inc. The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. Over the last five days, shares have faced -0.42% losses and now is down -1.43% since hitting its 200-day moving average of $18.73. For the full year, adjusted pre-tax income was $5.5 billion, a $621 million decrease relative to 2016, according to Delta Air Lines. The ex-dividend date of this dividend was Thursday, November 16th. It expects to pay around $2.05 to $2.10 a gallon in the first three months of this year. Exane Derivatives holds 0.03% of its portfolio in Delta Air Lines, Inc.

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Wall Street has surged to fresh highs as rising oil prices lift energy stocks and an upbeat forecast from No. 2 U.S. carrier Delta Air Lines drives airline stocks higher.

DAL trades at a forward P/E of 9.76, a P/B of 2.86, and a P/S of 0.99, compared to a forward P/E of 11.05, a P/B of 2.44, and a P/S of 0.58 for UAL. Following the completion of the transaction, the chief executive officer now owns 240,508 shares in the company, valued at $13,581,486.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10,783 shares were sold by Sear Steven M, worth $604,333 on Monday, December 18. 31,600 shares were sold by HAUENSTEIN GLEN W, worth $1.76M on Friday, December 15. Chesapeake Energy Corporation (NYSE:CHK) earnings have declined with a quarterly rate of -7.5% over the last 5 years.

Several large investors have recently modified their holdings of the company. Finally, Parametric Portfolio Associates LLC increased its position in Delta Air Lines by 140.9% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company's stock worth $137,000 after buying an additional 1,298 shares in the last quarter.

But investors will task Delta to keep a lid on increasing costs, which the airline expects to rise 2 to 4 percent this quarter, not including fuel. (NYSE:SPR). Mesirow Fin Invest Mgmt holds 0.11% or 21,375 shares in its portfolio. Anchor Bolt Capital LP acquired a new position in Delta Air Lines during the 3rd quarter worth approximately $68,141,000. Following the sale, the president now owns 204,018 shares of the company's stock, valued at $11,390,324.94. That's way up from a prior $5.35 to $5.70, and well above Wall Street's $5.92 per share estimate. Delta Air Lines and the Delta Connection carriers offer service to almost 370 destinations on six continents. Approximately 1.9% of the company's stock are sold short. Institutional investors own 85.01% of the company's stock.

TRADEMARK VIOLATION WARNING: This report was originally reported by Registrar Journal and is the sole property of of Registrar Journal.

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