March 23, 2018

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

13 January 2018, 02:38 | Melvin Schneider

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

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

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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