Bernstein Upgrades Delta Air Lines to Outperform

Brokerage firm Bernstein Upgrades its rating on Delta Air Lines(DAL). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Bernstein was issued on Feb 6, 2017.

Delta Air Lines (DAL) shares turned negative on Tuesdays trading session with the shares closing down -0.11 points or -0.23% at a volume of 72,62,909. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.935. The peak price level was also seen at $48.935 while the days lowest was $48.08. Finally the shares closed at $48.15. The 52-week high of the shares is $52.76 while the 52-week low is $32.6. According to the latest information available, the market cap of the company is $35,457 M.

Delta Air Lines(DAL) last announced its earnings results on Oct 13, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $10.48B. Analysts had an estimated revenue of $10.65B. Earnings per share were $1.70. The reported EPS was above estimates by $0.05 or 3.03%. Analysts had estimated an EPS of $1.65.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2017, Paul A Jacobson (EVP & CFO) sold 20,000 shares at $47.32 per share price.Also, On Jan 24, 2017, Douglas R Ralph (director) purchased 1,000 shares at $49.04 per share price.On Dec 21, 2016, Edward H Bastian (Chief Executive Officer) sold 103,000 shares at $50.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam Atlanta Detroit Los Angeles Minneapolis-St. Paul New York-LaGuardia New York-JFK Paris-Charles de Gaulle Salt Lake City Seattle and Tokyo-Narita. The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

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