Why Delta Air Lines Stock Jumped 5% Today

Delta Air Lines

Delta Air Lines

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A number of brokerages have recently commented on DAL. (NYSE:DAL). Cetera Advisor Ltd Liability Corporation reported 0.06% in Delta Air Lines, Inc. The stock was sold at an average price of $56.05, for a total transaction of $604,387.15. Cowen & Co maintained the shares of DAL in report on Friday, December 9 with "Outperform" rating. The company was upgraded on Tuesday, September 1 by Deutsche Bank. (NYSE:DAL) has "Overweight" rating given on Thursday, February 4 by JP Morgan. This simple numeric scale reads 1 to 5, and it changes brokerage firm Strong Sell recommendations into an average broker rating. The stock now has a consensus rating of "Buy" and a consensus price target of $65.53. The hedge fund run by Carl Goldsmith held 192,106 shares of the transportation company at the end of 2017Q3, valued at $9.26 million, down from 252,983 at the end of the previous reported quarter. The stock increased 5.47% or $3.053 during the last trading session, reaching $58.913. (NYSE:DAL). Delta Air Lines, Inc. had a higher price at the close than it did at the open. The company maintains price to book ratio of 2.76 vs.an industry average at 1.74.

Passenger unit revenues increased 4.2 per cent, including 0.5 points from one-time revenue adjustments, on 2.3 per cent higher capacity.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, January 10th.

Returns and Valuations for Square, Inc. After $0.15 actual EPS reported by BJ's Restaurants, Inc. for the previous quarter, Wall Street now forecasts 120.00% EPS growth. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post $5.31 earnings per share for the current fiscal year. Argus Research maintained Delta Air Lines, Inc. (NYSE:DAL). New York-based Spirit Of America Mgmt Ny has invested 0.01% in Delta Air Lines, Inc. It has a 11.76 P/E ratio. Following the completion of the transaction, the chief executive officer now owns 240,508 shares in the company, valued at $13,581,486.76. (NYSE:DAL) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The firm owned 162,886 shares of the company's stock after buying an additional 160,241 shares during the period. The disclosure for this sale can be found here.

Corporate travel revenue last quarter grew at the fastest clip since 2014, the airline said, adding that it will likely continue this year.

The top gainer with a security that increased in price during today's trading was Delta Air Lines, Inc.

Its share price has risen 30.40% in three months and is up 9.46% for the last five trades. The Stock has YTD (year to date) performance of -0.25 percent. AJO LP increased its holdings in shares of Delta Air Lines by 21.2% during the second quarter. Shellback Capital Lp bought 243,951 shares as the company's stock declined 5.91% while stock markets rallied. APG Asset Management N.V. increased its stake in Delta Air Lines by 12.3% in the third quarter.

Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of Facebook, Inc. Delta Air Lines and the Delta Connection carriers offer service to almost 370 destinations on six continents. Wunderlich Capital Managemnt invested in 17,583 shares or 1.38% of the stock. Vantage Invest Advsrs Limited Liability owns 2.87% invested in Visa Inc.

WARNING: "Somewhat Positive News Coverage Somewhat Unlikely to Affect Delta Air Lines (DAL) Share Price" was published by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark law. Assetmark owns 0% invested in Delta Air Lines, Inc. The firm operates through two divisions, Airline and Refinery. The Company's route network is centered around a system of hubs, worldwide gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

To view Vetr's full report, visit Vetr's official website.

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