Delta Airlines Shares get an “Outperform” rating from Morgan Stanley

Delta Airlines Shares get an “Outperform” rating from Morgan StanleyOn Friday, shares of Delta Airlines gained strength and that gave a reason to the traders to sell shares. Reportedly, the flow-in was $61.02 million into the stock as the market opened and the flow-out was $140.14 million at the last bell. Shares of Delta Air Lines were up $1.37 for the day closing at $50.81.

The company has recently got comments from many analysts with some giving it a 'buy' rating and some stating it as a 'top pick'. Morgan Stanley reaffirmed its "outperform" rating for Delta Air Lines shares on a research report on September 20th.

Delta Air Lines posted its last quarterly earnings results on October 14th. The company surpassed the analysts' expectations and reported $1.74 EPS for the latest quarter. The analysts' had estimated $1.71, which the company by exceeded by $0.03. In the quarter, the company earned $11.10 billion which fell short of the estimated $11.12 billion by the analysts. Last year, the business had earned $1.20 a share in the same quarter. Revenue was down six percent on a year to year basis. Recently, the airline declared a quarterly dividend that will be paid on November 30th to the stockholders on record as on November 6th.

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