Delta Air Lines (NYSE:DAL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Delta Air Lines, Inc. (NYSE:DAL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.23 and traded as high as $61.11. Delta Air Lines shares last traded at $60.50, with a volume of 4,325,692 shares.

Analyst Ratings Changes

DAL has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. TD Cowen lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, Bank of America upped their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $75.83.

Delta Air Lines Trading Down 0.4 %

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The stock has a market capitalization of $39.04 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The business has a fifty day simple moving average of $61.48 and a 200 day simple moving average of $51.23.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter last year, the company posted $2.03 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Insider Transactions at Delta Air Lines

In other news, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in shares of Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 189 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Delta Air Lines by 13.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after buying an additional 200 shares in the last quarter. Oakworth Capital Inc. lifted its position in shares of Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after buying an additional 204 shares during the last quarter. Total Investment Management Inc. boosted its stake in Delta Air Lines by 3.0% in the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock valued at $374,000 after buying an additional 212 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Delta Air Lines by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock valued at $229,000 after acquiring an additional 239 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.