Delta Air Lines Downgraded to Buy at Vetr Inc. (DAL)

They issued an overweight rating and a $65.00 price target for the company. Cowen and Company reaffirmed an outperform rating on shares of Delta Air Lines in a report on Friday, June 12th. In order to get a simplified consensus recommendation, Zacks uses a simplified 1 to 5 scale in order to obtain an Average Broker Rating. Finally, Morgan Stanley initiated coverage on shares of Delta Air Lines in a report on Tuesday, June 23rd. Deutsche Bank set their price target at $50. Results were aided by weak fuel costs.

9/10/2015 – Delta Air Lines had its price target raised by analysts at Credit Suisse from $61.00 to $65.00.

In the paper, “The 52-Week High and Momentum Investing”, authors Thomas George and Chuan-Yang Hwang offer empirical evidence that buying stocks near their 52 week highs produce excess returns in the market. Hawkeye Capital Management Llc is another very bullish active investment manager who is possessing 500,000 shares of Delta Air Lines or 13.65% of their U.S. equity exposure.

Harteveldt said that less demand from Europe and Asia, coupled with a strong dollar, is also cutting into Delta’s bottom line. The 50-Day Moving Average price is $45.57 and the 200 Day Moving Average price is recorded at $44.41.

Shares in The Coca-Cola Co (NYSE:KO) have by -2.9% year to date and are now trading -5.39% below their 52-week high, at a price of $ 45.00.

Over the last six months, Delta Air Lines NYSE:DAL has seen 0 unique insider buys, and 17 insider selling transactions. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.06. The company earned $10.71 billion during the quarter, compared to the consensus estimate of $10.64 billion. The company’s revenue was up.8% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post $4.55 EPS for the current fiscal year. The total value of the transaction was worth $325,500. Following the transaction, the executive vice president now directly owns 58,311 shares of the company’s stock, valued at $2,550,523.14. The disclosure for this sale can be found here. The New York-based fund Isf Management Llc disclosed it had bought a stake worth about 11.93% of the active investment manager’s stock portfolio in Delta Air Lines. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Organization ‘s path network is centered on a system of hub and global gateway airports that it manages in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. The Airline section of the Company’s provides scheduled air transportation for passengers and freight and other ancillary airline services, including fix and maintenance services for third parties.