Delta Air Lines (NYSE:DAL) was the target of some unusual options trading activity on Tuesday. Stock traders bought 14,228 put options on the stock, Analyst Ratings.Net reports. This represents an increase of 166% compared to the typical daily volume of 5,355 put options.
A number of analysts have recently weighed in on DAL shares. Analysts at Imperial Capital raised their price target on shares of Delta Air Lines (NYSE:DAL) from $23.00 to $26.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Delta Air Lines (NYSE:DAL) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, September 17th. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Delta Air Lines (NYSE:DAL) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $22.00 price target on the stock, down previously from $25.00.
Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.27.
Shares of Delta Air Lines (NYSE:DAL) traded up 1.89% on Tuesday, hitting $23.76. The stock had a trading volume of 11,199,240 shares. Delta Air Lines has a 1-year low of $8.95 and a 1-year high of $23.72. The stock’s 50-day moving average is $20.91 and its 200-day moving average is $18.63. The company has a market cap of $20.196 billion and a price-to-earnings ratio of 11.43.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, July 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.04. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Delta Air Lines will post $2.82 EPS for the current fiscal year.
Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
