Delta Air Lines (DAL) is Reiterated by Imperial Capital to In-line, Raises Price Target to $ 52

Delta Air Lines (DAL) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $44 . Imperial Capital advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on Delta Air Lines. Delta Air Lines was Initiated by Citigroup to “Buy” on Nov 18, 2016. Company shares were Reiterated by Imperial Capital on Oct 14, 2016 to “In-line”, Firm has raised the Price Target to $ 44 from a previous price target of $41 .Bernstein Initiated Delta Air Lines on Oct 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $43.

On the company’s financial health, Delta Air Lines reported $1.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 13, 2016. Analyst had a consensus of $1.65. The company had revenue of $10483.00 million for the quarter, compared to analysts expectations of $10504.47 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.74 EPS.

Delta Air Lines opened for trading at $48.8 and hit $48.98 on the upside on Monday, eventually ending the session at $48.9, with a gain of 0.80% or 0.39 points. The heightened volatility saw the trading volume jump to 82,50,898 shares. Company has a market cap of $36,009 M.

In a different news, on Nov 10, 2016, W Gilbert West (Sr. EVP & COO) sold 11,677 shares at $44.46 per share price. According to the SEC, on Nov 8, 2016, Glen W Hauenstein (President) sold 105,500 shares at $44.00 per share price. On Nov 3, 2016, Steven M Sear (Pres. Int’l & EVP Global Sales) sold 4,671 shares at $41.87 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

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