Price Target Update on Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) : Currently there are 8 street experts covering Delta Air Lines (NYSE:DAL) stock. The most bullish and bearish price target for the stock is $67 and $56 respectively for the short term. The average price target of all the analysts comes to $61.25. The estimated standard deviation from the target is $3.92.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Morgan Stanley maintains its outlook on Delta Air Lines (NYSE:DAL). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $65 per share to $59 per share. The rating by the firm was issued on April 28, 2016.

Delta Air Lines (NYSE:DAL): On Thursdays trading session , Opening price of the stock was $39 with an intraday high of $39.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.73. However, the stock managed to close at $38.31, a loss of 0.62% for the day. On the previous day, the stock had closed at $38.55. The total traded volume of the day was 10,956,187 shares.

The company shares have dropped -9.51% from its 1 Year high price. On Dec 17, 2015, the shares registered one year high at $52.77 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $41.68 and the 200 Day Moving Average price is recorded at $45.81. On the companys insider trading activities,The officer (Sr. EVP & COO) of Delta Air Lines Inc /De/, West W Gilbert sold 12,000 shares at $44 on May 18, 2016. The Insider selling transaction had a total value worth of $528,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Companys route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. The Companys segments include its Airline segment and Refinery segment. The Companys Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services, including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

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