Delta Air Lines (DAL) : Analyst Rating Update

Delta Air Lines (DAL) : Zacks Investment Research ranks Delta Air Lines (DAL) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.38, which indicates as a Strong Buy.

Delta Air Lines (DAL) : The highest level Delta Air Lines (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 (NYSE:DAL): The stock opened at $34.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.61 for the day. The stock traded down to $34.08 during the day, due to lack of any buying support eventually closed down at $35.58 with a loss of -0.11% for the day. The stock had closed at $35.62 on the previous day. The total traded volume was 14,539,966 shares.

Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Delta Air Lines (NYSE:DAL). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Morgan Stanley lowers the price target from $65 per share to $59 per share. The rating by the firm was issued on April 28, 2016. The company shares have dropped -11.33% 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 Jun 27, 2016. The 50-Day Moving Average price is $40.20 and the 200 Day Moving Average price is recorded at $44.86.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.