Deutsche Bank Upgrades Delta Air Lines to Buy

Brokerage firm Deutsche Bank Upgrades its rating on Delta Air Lines(NYSE:DAL). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Deutsche Bank was issued on Jul 12, 2016.

In a different note, On Jul 6, 2016, Credit Suisse said it Maintains its rating on Delta Air Lines. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 28, 2016, Morgan Stanley said it Maintains its rating on Delta Air Lines. In the research note, the firm Lowers the price-target to $65.00 per share. The shares have been rated ‘Overweight’ by the firm.

Delta Air Lines (DAL) shares turned negative on Fridays trading session with the shares closing down -1 points or -2.44% at a volume of 1,51,92,438. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.54. The peak price level was also seen at $40.54 while the days lowest was $39.71. Finally the shares closed at $39.98. The 52-week high of the shares is $52.77 while the 52-week low is $32.6. According to the latest information available, the market cap of the company is $30,848 M.

Delta Air Lines(DAL) last announced its earnings results on Jan 19, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $9.50B. Analysts had an estimated revenue of $9.61B. Earnings per share were $1.18. Analysts had estimated an EPS of $1.19.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, W Gilbert West (Sr. EVP & COO) sold 12,000 shares at $44.00 per share price.Also, On May 19, 2016, Edward H Bastian (Chief Executive Officer) sold 100,000 shares at $44.11 per share price.On May 18, 2016, Richard H Anderson (Exec. Chairman of the Board) sold 912,000 shares at $43.75 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.

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