Delta Air Lines (DAL) is Initiated by Imperial Capital to In-line, Price Target at $41

Delta Air Lines (DAL) was Initiated by Imperial Capital to “In-line” and the brokerage firm has set the Price Target at $41. Imperial Capital advised their investors in a research report released on Aug 24, 2016.

Many Wall Street Analysts have commented on Delta Air Lines. Shares were Reiterated by Cowen on Jul 6, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $60 .

On the company’s financial health, Delta Air Lines reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.42. The company had revenue of $10447.00 million for the quarter, compared to analysts expectations of $10479.70 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Delta Air Lines opened for trading at $36.78 and hit $37.13 on the upside on Tuesday, eventually ending the session at $36.69, with a gain of 0.22% or 0.08 points. The heightened volatility saw the trading volume jump to 75,88,184 shares. Company has a market cap of $27,477 M.

In a different news, on Aug 4, 2016, George N Mattson (director) purchased 10,000 shares at $36.50 per share price. According to the SEC, on Jul 18, 2016, Richard H Anderson (Exec. Chairman of the Board) sold 758,000 shares at $40.01 per share price. On May 19, 2016, W Gilbert West (Sr. EVP & COO) sold 12,000 shares at $44.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s 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 Company’s segments include its Airline segment and Refinery segment. The Company’s 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.

Delta Air Lines

Leave a Reply

Delta Air Lines - Is it time to Sell?

Top Brokerage Firms are advising their investors on Delta Air Lines. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.