After Imperial Capital and Stephens gave Delta Airlines (NYSE: DAL) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Andrew Didora maintained a Buy rating on Delta Airlines today and set a price target of $62. The company’s shares opened today at $50.73.
Didora has an average return of 13.8% when recommending Delta Airlines.
According to TipRanks.com, Didora is ranked #1950 out of 4909 analysts.
Delta Airlines has an analyst consensus of Strong Buy, with a price target consensus of $70.75, implying a 39.5% 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.
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.
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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.