Delta Airlines (DAL) Received its Third Buy in a Row


After Imperial Capital and Merrill Lynch gave Delta Airlines (NYSE: DAL) a Buy rating last month, the company received another Buy, this time from Stephens. Analyst Jack Atkins reiterated a Buy rating on Delta Airlines yesterday and set a price target of $64. The company’s shares closed yesterday at $51.48.

According to TipRanks.com, Atkins is a 4-star analyst with an average return of 5.2% and a 60.8% success rate. Atkins covers the Services sector, focusing on stocks such as Expeditors International, Southwest Airlines, and American Airlines.

Currently, the analyst consensus on Delta Airlines is a Strong Buy with an average price target of $70.13, a 36.2% upside from current levels. In a report issued on September 27, Imperial Capital also maintained a Buy rating on the stock with a $78 price target.

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Based on Delta Airlines’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $11.77 billion and net profit of $1.03 billion. In comparison, last year the company earned revenue of $11.06 billion and had a net profit of $1.18 billion.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, Joanne D. Smith, the EVP HR of DAL sold 12,250 shares for a total of $649,250.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the folllowing segments: Airline, Refinery, and Intersegment Sales and Other. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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