Positive Report for Delta Airlines (DAL) from Vertical Group

In a report released yesterday, Vertical Group from Vertical Group upgraded Delta Airlines (DALResearch Report) to Buy, with a price target of $58.00. The company’s shares closed last Friday at $39.98.

Currently, the analyst consensus on Delta Airlines is a Moderate Buy with an average price target of $48.83, implying a 17.2% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $55.00 price target.

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Based on Delta Airlines’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.97 billion and GAAP net loss of $755 million. In comparison, last year the company earned revenue of $11.44 billion and had a net profit of $1.1 billion.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DAL in relation to earlier this year.

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Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.