DAL a "strong buy" says analysts
Delta Air Lines Inc. (DAL) provides international and domestic passenger and cargo transportation in the U.S. and abroad. Six guru funds own $245 million, including seven funds adding a net $211 million during the quarter. This includes $155 million added by Capital Growth Management LP adding $155 million, Appaloosa adding $20 million, Balyasny Asset Management LLC adding $18 million, SAC Capital Advisors LP adding $11 million, Zweig-DiMenna Associates adding and $6 million. Thus, gurus taken as a group are bullish on DAL as it is among their largest positions in the group, and five funds added large positions in DAL while only two made insignificant minor cuts in DAL positions during the quarter. DAL trades at a forward P/E of 4-5, at the bottom of its historic P/E range. Analyst targets are in the mid- to high-teens, almost double current prices in the $9 range, and significantly below the low-teens where guru funds bought it in the last quarter. Furthermore, of the fourteen analysts covering the stock, ten rate it a buy/strong buy, two a hold, and two rate it at underperform/sell.