Is It Right Time to Be Cautious on Delta Air Lines, Inc. (DAL), National Oilwell Varco, Inc. (NOV)?

    The shares of Delta Air Lines, Inc. (NYSE:DAL) has been pegged with a rating of In-line by Imperial Capital in its latest research note that was published on July 12th, 2019. The research company has also assigned a $66 price target. Imperial Capital wasn’t the only research firm that published a report of Delta Air Lines, Inc., with other equities research analysts also giving their opinion on the stock. Cowen advised investors in its research note published on July 11th, 2019, to Outperform the DAL stock while also putting a $69 price target. The stock had earned In-line rating from Imperial Capital when it published its report on July 10th, 2019. That day the Imperial Capital set price target on the stock to $63. The stock was given Equal-Weight rating by Morgan Stanley in its report released on May 20th, 2019, the day when the price target on the stock was placed at $61. Imperial Capital was of a view that DAL is In-line in its latest report on April 11th, 2019 while giving it a price target of $61. BofA/Merrill thinks that DAL is worth Neutral rating. This was contained in the firm’s report on April 4th, 2019 in which the stock’s price target was also moved to $59.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $69.78. The price of the stock the last time has raised by 30.52% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 44.71.

    The shares of the company added by 0.31% during the trading session on Tuesday, reaching a low of $58.17 while ending the day at $58.84. During the trading session, a total of 6.16 million shares were traded which represents a -14.46% decline from the average session volume which is 5.38M shares. DAL had ended its last session trading at 58.66. Delta Air Lines, Inc. currently has a market cap of $38.58B, while its P/E ratio stands at 8.74, while its P/E earnings growth sits at 0.84, with a beta of 1.17. Delta Air Lines, Inc. debt-to-equity ratio currently stands at 0.72, while its quick ratio hovers at 0.30. DAL 52-week low price stands at $45.08 while its 52-week high price is $63.44.

    The company in its last quarterly report recorded $2.35 earnings per share which is above the $2.28 predicted by most analysts. The Delta Air Lines, Inc. generated $12,536.00 million in revenue during the last quarter, which is slightly higher than the $12,504.80 million predicted by analysts. In the second quarter last year, the firm recorded $0.96 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 59.15%. Delta Air Lines, Inc. has the potential to record 6.74 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Susquehanna published a research note on August 12th, 2019 where it informed investors and clients that National Oilwell Varco, Inc. (NYSE:NOV) is now rated as Positive. Their price target on the stock stands at $25. Cowen also rated NOV as Reiterated on July 11th, 2019, with its price target of $69 suggesting that NOV could surge by 22.21% from its current share price. Even though the stock has been trading at $20.18/share, analysts expect it to surge higher by 0.99% to reach $26.20/share. It started the day trading at $20.89 and traded between $19.93 and $20.38 throughout the trading session.

    A look at its technical shows that NOV’s 50-day SMA is 21.35 while its 200-day SMA stands at 26.68. At the moment, only of National Oilwell Varco, Inc. shares were sold short. The company’s average trading volume currently stands at 4.67M shares, which means that the short-interest ratio is just 4.63 days. Over the past seven days, the company moved, with its shift of -4.36%. Looking further, the stock has dropped -16.41% over the past 90 days while it lost -29.26% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more NOV shares, increasing its portfolio by +1.21% during the last quarter. This move now sees The Vanguard Group Inc purchasing 496,653 shares in the last quarter, thus it now holds 41,667,075 shares of NOV, with a total valuation of $992,509,727. Pzena Investment Management LLC meanwhile bought more NOV shares in the recently filed quarter, changing its stake to $577,052,768 worth of shares.

    Similarly, Vulcan Value Partners LLC decreased its National Oilwell Varco, Inc. shares by -2.37% during the recently filed quarter. After selling -515,203 shares in the last quarter, the firm now controls 21,202,898 shares of National Oilwell Varco, Inc. which are valued at $505,053,030. In the same vein, SSgA Funds Management Inc increased its National Oilwell Varco, Inc. shares by during the most recent reported quarter. The firm bought 237,720 shares during the quarter which increased its stakes to 19,144,026 shares and is now valued at $456,010,699. Following these latest developments, around 0.30% of National Oilwell Varco, Inc. stocks are owned by institutional investors and hedge funds.