News coverage about Delta Air Lines (NYSE:DAL) has been trending positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Delta Air Lines earned a news sentiment score of 0.32 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 70 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- PRESS DIGEST- New York Times business news – July 18 (finance.yahoo.com)
- Delta takes delivery of first Airbus A350-900 in North America – Minneapolis / St. Paul Business Journal (bizjournals.com)
- How expensive a stock is?: Delta Air Lines, Inc. (DAL) – Street Observer (press release) (streetobserver.com)
- Share Activity Lifted for Delta Air Lines Inc (DAL) in Session – Evergreen Caller (evergreencaller.com)
- Ann Coulter Learns That Delta Air Lines Isn’t Afraid to Fight Back – TheStreet.com (thestreet.com)
DAL has been the topic of a number of recent research reports. Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $52.43 price objective on the stock in a research report on Monday, March 20th. Citigroup Inc. increased their price objective on Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research report on Friday, April 7th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Finally, Cowen and Company restated an “outperform” rating and issued a $58.00 price target on shares of Delta Air Lines in a research report on Monday, April 17th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.41.
Shares of Delta Air Lines (DAL) opened at 54.64 on Tuesday. Delta Air Lines has a 52-week low of $35.84 and a 52-week high of $55.75. The firm has a market cap of $39.78 billion, a P/E ratio of 10.83 and a beta of 1.22. The company has a 50 day moving average price of $50.96 and a 200-day moving average price of $48.99.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter last year, the business posted $1.47 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts expect that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
In other Delta Air Lines news, EVP Joanne D. Smith sold 4,475 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $49.32, for a total value of $220,707.00. Following the completion of the transaction, the executive vice president now directly owns 85,398 shares of the company’s stock, valued at approximately $4,211,829.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of Delta Air Lines stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the sale, the chief executive officer now directly owns 285,508 shares of the company’s stock, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 448,000 shares of company stock valued at $35,840 and sold 55,606 shares valued at $2,753,289. 0.37% of the stock is currently owned by company insiders.
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About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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