Delta Air Lines (NYSE:DAL) Given Daily News Impact Rating of -3.33

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Media stories about Delta Air Lines (NYSE:DAL) have trended very negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Delta Air Lines earned a coverage optimism score of -3.33 on their scale. InfoTrie also assigned media stories about the transportation company an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Delta Air Lines’ score:

Shares of DAL opened at $22.69 on Friday. Delta Air Lines has a 12-month low of $17.51 and a 12-month high of $63.44. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 4.21 and a beta of 1.27. The stock’s 50-day moving average price is $22.81 and its 200 day moving average price is $45.49.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.21. Delta Air Lines had a return on equity of 25.95% and a net margin of 7.76%. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same period in the prior year, the company posted $0.96 EPS. The company’s revenue was down 18.0% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines will post -7.28 EPS for the current year.

A number of analysts have weighed in on DAL shares. Raymond James reduced their price target on Delta Air Lines from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. ValuEngine cut Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Monday, May 4th. Cfra cut their price objective on Delta Air Lines from $75.00 to $59.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Bank of America boosted their price objective on Delta Air Lines from $30.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 26th. Finally, TheStreet cut Delta Air Lines from a “b-” rating to a “c” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Delta Air Lines has an average rating of “Hold” and a consensus price target of $53.95.

In other news, major shareholder Berkshire Hathaway Inc sold 7,747,766 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $24.73, for a total value of $191,602,253.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David S. Taylor acquired 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $46.26 per share, for a total transaction of $46,260.00. Following the completion of the purchase, the director now owns 7,960 shares in the company, valued at approximately $368,229.60. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,008,017 shares of company stock worth $46,108,962. Corporate insiders own 0.47% of the company’s stock.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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