What Will Happen to Delta Air Lines, Inc. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to Delta Air Lines, Inc. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session Delta Air Lines, Inc. (DAL) registered an unusually high (1,268) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious DAL increase. With 1,268 contracts traded and 5814 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: DAL180119C00050000 closed last at: $2.39 or 0% . About 12.38M shares traded hands or 31.98% up from the average. Delta Air Lines, Inc. (NYSE:DAL) has declined 18.24% since March 1, 2016 and is downtrending. It has underperformed by 27.48% the S&P500.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on October, 12. They expect $1.75 EPS, up 0.57% or $0.01 from last year’s $1.74 per share. DAL’s profit will be $1.33B for 5.74 P/E if the $1.75 EPS becomes a reality. After $1.47 actual EPS reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 19.05% EPS growth.

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

Out of 12 analysts covering Delta Air Lines (NYSE:DAL), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. $74.50 is the highest target while $41 is the lowest. The $56.92 average target is 41.59% above today’s ($40.2) stock price. Delta Air Lines has been the topic of 23 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Wednesday, July 6, the company rating was maintained by Credit Suisse. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Credit Suisse on Tuesday, April 12. Deutsche Bank maintained Delta Air Lines, Inc. (NYSE:DAL) on Friday, July 15 with “Buy” rating. Evercore downgraded the stock to “Hold” rating in Friday, July 15 report. Cowen & Co maintained the stock with “Outperform” rating in Friday, December 18 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Hold” rating by Deutsche Bank on Friday, April 1. Deutsche Bank upgraded it to “Buy” rating and $50 target price in Tuesday, September 1 report. The company was maintained on Thursday, February 4 by JP Morgan. On Wednesday, August 24 the stock rating was initiated by Imperial Capital with “In-Line”. The firm earned “Buy” rating on Wednesday, January 13 by Argus Research.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.09, from 1.09 in 2016Q1. The ratio turned negative, as 92 funds sold all Delta Air Lines, Inc. shares owned while 277 reduced positions. 75 funds bought stakes while 294 increased positions. They now own 620.66 million shares or 4.75% less from 651.60 million shares in 2016Q1.
Ssi Invest holds 0.02% or 6,941 shares in its portfolio. Moreover, Gateway Inv Advisers Llc has 0.02% invested in Delta Air Lines, Inc. (NYSE:DAL) for 70,048 shares. Aviva Pcl holds 156,627 shares or 0.04% of its portfolio. Glg Partners Lp holds 0.03% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 30,000 shares. Buckingham Cap Management holds 1.17% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 264,750 shares. Legal And General Public Limited Com accumulated 1.01M shares or 0.04% of the stock. Skylands Ltd holds 1.44% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 242,550 shares. Boston Private Wealth Limited Liability Com owns 25,861 shares or 0.04% of their US portfolio. Carroll Fincl reported 151 shares or 0% of all its holdings. Mackay Shields Ltd holds 399,518 shares or 0.72% of its portfolio. Ing Groep Nv has 0.01% invested in the company for 28,045 shares. The New York-based Allen Inv Lc has invested 0.07% in Delta Air Lines, Inc. (NYSE:DAL). Kcg has 0.08% invested in the company for 102,634 shares. Lowe Brockenbrough And Incorporated has 0.59% invested in the company for 93,375 shares. Gmt Capital accumulated 4.30 million shares or 3.79% of the stock.

Insider Transactions: Since April 7, 2016, the stock had 4 insider buys, and 9 selling transactions for $102.13 million net activity. ANDERSON RICHARD H sold $8.11 million worth of Delta Air Lines, Inc. (NYSE:DAL) on Monday, May 9. $972,770 worth of shares were bought by Jacobson Paul A on Monday, July 25. Shares for $364,957 were bought by Mattson George N. Shares for $852,480 were sold by Bastian Edward H on Monday, May 9. $116,406 worth of Delta Air Lines, Inc. (NYSE:DAL) was sold by BRINZO JOHN S on Thursday, April 7. Smith Joanne D had sold 6,736 shares worth $289,648. 4,670 shares were sold by Sear Steven M, worth $173,627.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $30.54 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 6.53 P/E ratio. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

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