Delta Air Lines Inc (NYSE:DAL) Stock Price Down as Sentiment Worsens

Delta Air Lines, Inc. (NYSE:DAL) Logo

Sentiment for Delta Air Lines Inc (NYSE:DAL)

Delta Air Lines Inc (NYSE:DAL) institutional sentiment decreased to 0.92 in Q2 2019. Its down -0.11, from 1.03 in 2019Q1. The ratio has dropped, as 317 institutional investors increased or started new equity positions, while 343 sold and trimmed holdings in Delta Air Lines Inc. The institutional investors in our partner’s database now possess: 522.18 million shares, down from 533.71 million shares in 2019Q1. Also, the number of institutional investors holding Delta Air Lines Inc in their top 10 equity positions increased from 25 to 31 for an increase of 6. Sold All: 47 Reduced: 296 Increased: 217 New Position: 100.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company has market cap of $39.02 billion. The firm operates through two divisions, Airline and Refinery. It has a 8.95 P/E ratio. The Company’s route network is centered around a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

The stock increased 0.96% or $0.57 during the last trading session, reaching $60.01. About 4.14 million shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 13.48% since September 13, 2018 and is uptrending. It has outperformed by 13.48% the S&P500.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on October, 10. They expect $2.26 earnings per share, up 25.56 % or $0.46 from last year’s $1.8 per share. DAL’s profit will be $1.47B for 6.64 P/E if the $2.26 EPS becomes a reality. After $2.35 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts -3.83 % negative EPS growth.

Lansdowne Partners (Uk) Llp holds 25.02% of its portfolio in Delta Air Lines, Inc. for 17.97 million shares. Cyrus Capital Partners L.P. owns 1.91 million shares or 12.93% of their US portfolio. Moreover, Par Capital Management Inc has 9.4% invested in the company for 9.89 million shares. The New York-based Stelliam Investment Management Lp has invested 7.69% in the stock. Terril Brothers Inc., a Missouri-based fund reported 354,330 shares.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Ratings analysis reveals 100% of Delta Air Lines’s analysts are positive. Out of 6 Wall Street analysts rating Delta Air Lines, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $6100 while the high is $85. The stock’s average target of $70.71 is 17.83% above today’s ($60.01) share price. DAL was included in 9 notes of analysts from April 3, 2019. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Outperform” rating given on Thursday, April 11 by Credit Suisse. On Thursday, April 11 the stock rating was maintained by Raymond James with “Outperform”. The firm earned “Buy” rating on Thursday, April 11 by Citigroup. The company was maintained on Wednesday, April 3 by Stifel Nicolaus. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Wednesday, April 3 by Buckingham Research.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Seekingalpha.com which released: “Delta on watch after positive outlook – Seeking Alpha” on September 04, 2019, also Finance.Yahoo.com with their article: “Airline Stock Roundup: SAVE, JBLU’s Bearish Q3 Views, DAL’s Traffic Report & More – Yahoo Finance” published on September 10, 2019, Benzinga.com published: “Airliners Giving Mixed Guidance: United, Delta Reaffirm, JetBlue Warns – Benzinga” on September 04, 2019. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Finance.Yahoo.com and their article: “When Should You Buy Delta Air Lines, Inc. (NYSE:DAL)? – Yahoo Finance” published on June 29, 2019 as well as Bizjournals.com‘s news article titled: “Airline to build maintenance base at RDU, plots hires of technicians, pilots, attendants – Triangle Business Journal” with publication date: September 04, 2019.

Delta Air Lines, Inc. (NYSE:DAL) Institutional Positions Chart

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