The stock of Delta Air Lines, Inc. (NYSE:DAL) last traded at $32.23, down -1.47% from the previous session.
Data from the available sources indicates that Delta Air Lines, Inc. (NYSE:DAL) is covered by 21 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $77.00 and a low of $43.00, we find $50.00. Given the previous closing price of $32.71, this indicates a potential upside of 52.86 percent. DAL stock price is now -17.90% away from the 50-day moving average and -17.17% away from the 200-day moving average. The market capitalization of the company currently stands at $20.74B.
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In total, 1 analysts have assigned it a hold rating, and 18 have given it a buy rating. Brokers who have rated the stock have averaged $53.72 as their price target over the next twelve months.
With the price target enhanced from $40 to $47, Evercore ISI Upgraded its rating from In-line to Outperform for Delta Air Lines, Inc. (NYSE: DAL).
In other news, Smith Joanne D, EVP & Chief People Officer sold 3,030 shares of the company’s stock on Oct 19. The stock was sold for $100,869 at an average price of $33.29. Upon completion of the transaction, the EVP & Chief People Officer now directly owns 95,362 shares in the company, valued at $3.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18, Director Taylor David S bought 10,000 shares of the business’s stock. A total of $330,900 was incurred on buying the stock at an average price of $33.09. This leaves the insider owning 17,470 shares of the company worth $0.56 million. Insiders disposed of 312,524 shares of company stock worth roughly $10.07 million over the past 1 year. A total of 0.36% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DAL stock. A new stake in Delta Air Lines, Inc. shares was purchased by MARSICO CAPITAL MANAGEMENT LLC during the first quarter worth $49,279,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $32,196,000 in shares of DAL during the first quarter. In the first quarter, SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in Delta Air Lines, Inc. valued at approximately $21,204,000. TREXQUANT INVESTMENT LP acquired a new stake in DAL for approximately $19,491,000. GRANITE BAY WEALTH MANAGEMENT, LLC purchased a new stake in DAL valued at around $14,238,000 in the second quarter. In total, there are 1,320 active investors with 72.04% ownership of the company’s stock.
During the past 12 months, Delta Air Lines, Inc. has had a low of $30.98 and a high of $49.81. As of last week, the company has a debt-to-equity ratio of 2.90, a current ratio of 0.44, and a quick ratio of 0.39. According to the stock market information, the enterprise value for the company is $42.25B, which is based on a 6.09 price-to-earnings ratio, a 0.19 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for DAL is $39.00 and a two-hundred day moving average price translates $38.90 for the stock.
The latest earnings results from Delta Air Lines, Inc. (NYSE: DAL) was released for Sep, 2023. According to the Airlines Company, earnings per share came in at $2.03, beating analysts’ expectations of $1.95 by 0.08. This compares to $1.08 EPS in the same period last year. The net profit margin was 5.94% and return on equity was 49.22% for DAL. The company reported revenue of $15.49 billion for the quarter, compared to $13.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.83 percent. For the current quarter, analysts expect DAL to generate $13.55B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/02/2023. Investors who held shares on 10/12/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.16 dividend and a 0.50% percent yield. There was an ex-dividend date of 10/11/2023 for this dividend.
Delta Air Lines, Inc.(DAL) Company Profile
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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,250 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.
