Delta Air Lines (DAL) : The consensus price target for Delta Air Lines (DAL) is $55.5 for the short term with a standard deviation of $7.31. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $67, however, the pessimist price target for the company is $42.
Delta Air Lines (DAL) has seen a shortfall of 142,729 shares or 0.7% in the short interest. The remaining shorts are 2.7% of the total floated shares. The net short interest, as on June 30,2016, stood at 21,069,591 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 15,090,190 shares. On June 15,2016, 21,212,320 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Credit Suisse maintains its rating on Delta Air Lines (NYSE:DAL). The global brokerage major raises the current price target from $48 per share to $51 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on July 6, 2016.
Delta Air Lines (NYSE:DAL): stock turned positive on Thursday. Though the stock opened at $40.33, the bulls momentum made the stock top out at $41.35 level for the day. The stock recorded a low of $40.155 and closed the trading day at $40.98, in the green by 3.59%. The total traded volume for the day was 18,543,035. The stock had closed at $39.56 in the previous days trading.
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.