Delta operating profit down on storm impact in third quarter

Reuters

Reuters

Analysts await Delta Air Lines, Inc. (NYSE:DAL) by 25.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

On a per-share basis, the Atlanta company said it had profit of $1.64.

Traffic was up 3.4% on capacity increased 1.6% in the third quarter. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Delta Air Lines in a report on Thursday, July 13th. Therefore 95% are positive.

Delta Air Lines has reported adjusted pre-tax income for the September 2017 quarter of $1.7 billion, a $182 million decrease from the same period past year. Bank of America Corporation increased their price target on Delta Air Lines from $64.00 to $71.00 and gave the company a "buy" rating in a report on Friday, June 30th. The stock of Delta Air Lines, Inc.

On August 17 Morgan Stanley left the stock rating at "Overweight" and lowered the price expectation from $62.00 to $59.00. On Thursday, February 4 the stock rating was upgraded by Goldman Sachs to "Buy". Finally, Imperial Capital reaffirmed a "hold" rating and issued a $50.00 price target on shares of Delta Air Lines in a report on Wednesday, September 6th. As per Tuesday, April 12, the company rating was maintained by Credit Suisse. (NYSE:DAL) rating on Wednesday, January 13.

Since May 22, 2017, it had 0 insider purchases, and 2 sales for $2.53 million activity. On Monday, May 22 Bastian Edward H sold $1.21 million worth of Delta Air Lines, Inc.

Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares was 0.01% on September 29. The stock rose 1.73% or $0.91 reaching $53.61. Finally, Advisory Services Network LLC raised its position in shares of Delta Air Lines by 3.0% in the second quarter. After $1.64 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 1.22% EPS growth. 249,026 are held by Waratah Capital Advsrs Limited. Ajo Ltd Partnership has invested 1.29% in Delta Air Lines, Inc. (NYSE:DAL). Westover Cap Advisors Limited Liability stated it has 10,486 shares or 0.37% of all its holdings. Lmm Ltd Limited Liability Company holds 3.72% or 1.71 million shares in its portfolio. Rothschild Asset Mngmt has invested 0.75% in Delta Air Lines, Inc. Delta Air Lines Inc now has $38.79 billion valuation. (NYSE:DAL) for 164,300 shares. Schroder Invest Gp Inc invested 0.06% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) rating on Friday, December 18. Moreover, Burney has 0.08% invested in Delta Air Lines, Inc. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Moreover, Profit Investment Management Llc has 0.84% invested in the company for 39,148 shares.

07/13/2017 - Delta Air Lines, Inc. had its "outperform" rating reiterated by analysts at Evercore ISI. Therefore 43% are positive. Four analysts surveyed by Zacks expected $11.04 billion. The firm has "Buy" rating given on Monday, November 7 by Maxim Group. The firm earned "Hold" rating on Friday, April 1 by Deutsche Bank. The rating was downgraded by Maxim Group to "Hold" on Friday, July 21. The stock has "Buy" rating by Stifel Nicolaus on Sunday, August 20. Cowen & Co maintained Delta Air Lines, Inc. TD Securities maintained Just Energy Group Inc (TSE:JE) rating on Friday, August 12. The stock has "Overweight" rating by PiperJaffray on Thursday, September 28.

05/12/2017 - Delta Air Lines, Inc. had its "buy" rating reiterated by analysts at Citigroup. Smithfield Trust reported 1,354 shares. Its down 0.10, from 1.08 in 2017Q1. It dropped, as 11 investors sold Cae Inc (USA) shares while 48 reduced holdings. 17 funds opened positions while 33 raised stakes. K.J. Harrison & Partners Inc owns 100,300 shares or 0.93% of their United States portfolio. Tudor Et Al has 0.01% invested in Potbelly Corp (NASDAQ:PBPB). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 20,425 shares. Prudential Inc reported 0% stake. Overall, the share price is up 7.14% year to date. Panagora Asset Mngmt Inc accumulated 347,792 shares. Delta Air Lines's payout ratio is 24.25%. Numeric Investors Limited Liability Corp holds 0.01% or 146,700 shares. Susquehanna Llp has 271,481 shares for 0.01% of their portfolio.

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