Delta shares rise after airline beats expectations despite profit crunch

Delta Air Lines Inc (NYSE:DAL): Are Analysts Bullish?

SAP SE (SAP) At $106.97 Forms Top; Last Week Delta Air Lines, Inc. (DAL) Analysts

Hedge funds and other institutional investors have recently modified their holdings of the stock. 104 funds opened positions while 251 raised stakes. (NYSE:CFG)'s stock was 0.48%.

In the latest week Delta Air Lines, Inc. (NYSE:DAL). Nomura Inc accumulated 276,954 shares. Delta Air Lines's quarterly revenue was up 9.5% on a year-over-year basis. (NYSE:DAL), Stochastic %D value stayed at 38.87% for the last 9 days. (NYSE:DAL). Engineers Gate Manager L P, New York-based fund reported 67,151 shares. Highland Capital Limited Liability reported 115,211 shares. Balyasny Asset Management Ltd Llc owns 310,729 shs.

Bradley Foster & Sargent Inc decreased Delta Airlines (DAL) stake by 12.08% reported in 2017Q4 SEC filing.

A Delta Air Lines Boeing 737-800 lands at San Francisco International Airport on October 23, 2016.

Bradley Foster & Sargent Inc increased Wells Fargo (NYSE:WFC) stake by 319,660 shares to 448,990 valued at $27.24M in 2017Q4. Following the acquisition, the director now directly owns 66,510 shares in the company, valued at approximately $3,451,203.90. Alpine Woods Capital Lc owns 370,300 shares. Livingston Grp Inc Asset Mgmt (Operating As Southport Cap Management) reported 51,192 shares.

Delta, the No. 2 US airline by passenger traffic, reported earnings per share of 77 cents, topping Wall Street's average estimate of 73 cents per share, according to Thompson Reuters I/B/E/S. Through this figure traders can analyze that DAL show whether or not a stock now most active and standing in buying side or sell side.

Since October 12, 2017, it had 1 buy, and 9 sales for $15.51 million activity. 31,638 shares were sold by Jacobson Paul A, worth $1.89 million on Monday, January 22. (NYSE:DAL) was sold by West W Gilbert on Friday, February 2.

In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of Delta Air Lines stock in a transaction dated Friday, December 29th.

Pregnant Khloe Kardashian's boyfriend Tristan Thompson apparently seen cheating in new video
Khlo- Kardashian may be in the midst of some public drama, but you wouldn't know it based on her family's social media accounts. Julie Chen took it one step further: "If I were Khloe Kardashian , I would A completely ice him, change all my numbers".

On 1/12/2018 Francis S Blake, Director, bought 3,350 with an average share price of $59.76 per share and the total transaction amounting to $200,196.00.

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods.

Delta Air Lines Inc (DAL.N) reported on Thursday first-quarter profit that beat Wall Street estimates on higher average fares and passenger traffic and it expected cost curbs and tax cuts to help growth in its next three months.

In trading Thursday, Delta shares rose $1.51, or 2.9 percent, to $52.98.

The carrier said total unit revenue - a key metric which compares sales with flight capacity - would increase 3 to 5 percent in the second quarter. Morgan Stanley now has an overweight rating on the transportation company's stock. 12,712,280 shares of the company traded hands, compared to its average volume of 8,352,691. Delta Air Lines, Inc. (NYSE:DAL) has risen 17.70% since April 12, 2017 and is uptrending. DAL outperformed by 6.15% the S&P 500.

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold. Therefore, I'm positive about the outlook for the stock for the long term. Sap Ag had 58 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has "Overweight" rating by Morgan Stanley on Monday, March 19. The firm has "Buy" rating given on Monday, January 8 by Stephens.

Analysts have remained overwhelmingly bullish on the airliner, even amid the stock's recent struggles.

Latest News