Short Term Price Target on Delta Air Lines (DAL)

Delta Air Lines (NYSE:DAL) : The highest level Delta Air Lines (NYSE:DAL) is projected to reach is $67 for the short term and the lowest estimate is at $56. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $61.25 and the possibility the share price can swing is $3.92.

Delta Air Lines, Inc. has lost 4.91% in the last five trading days and dropped 16.27% in the last 4 weeks. Delta Air Lines, Inc. has dropped 22.26% during the last 3-month period . Year-to-Date the stock performance stands at -27.67%. Also, Brokerage firm Morgan Stanley maintains its rating on Delta Air Lines (NYSE:DAL). As per the latest information, the brokerage house lowers the price target to $59 per share from a prior target of $65. The shares have been rated Overweight. The rating by the firm was issued on April 28, 2016.

Delta Air Lines (NYSE:DAL) : The consensus on Delta Air Lines (NYSE:DAL) based on 8 analyst recommendation on the company stock is 1.38, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Delta Air Lines (NYSE:DAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.26 and $35.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.43, notching a gain of 0.52% for the day. The total traded volume was 12,413,660 . The stock had closed at $36.24 on the previous day.

In an insider trading activity, The officer (Sr. EVP & COO), of Delta Air Lines Inc /De/, West W Gilbert had unloaded 12,000 shares at $44 per share in a transaction on May 18, 2016. The total value of transaction was $528,000. The Insider information was revealed by 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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