Why Delta Air Lines, Inc. (DAL) Should Be On Your Radar Moving Forward

The stock of Delta Air Lines, Inc. (NYSE:DAL) last traded at $34.06, up 1.73% from the previous session.

Data from the available sources indicates that Delta Air Lines, Inc. (NYSE:DAL) is covered by 22 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 $33.48, this indicates a potential upside of 49.34 percent. DAL stock price is now -5.65% away from the 50-day moving average and -11.50% away from the 200-day moving average. The market capitalization of the company currently stands at $21.92B.

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 $52.42 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, Taylor David S, Director bought 10,000 shares of the company’s stock on Oct 27. The stock was bought for $307,500 at an average price of $30.75. Upon completion of the transaction, the Director now directly owns 27,470 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 19, EVP & Chief People Officer Smith Joanne D sold 3,030 shares of the business’s stock. A total of $100,869 was realized by selling the stock at an average price of $33.29. This leaves the insider owning 95,362 shares of the company worth $3.25 million. Insiders disposed of 310,524 shares of company stock worth roughly $10.58 million over the past 1 year. A total of 0.36% of the company’s stock is owned by insiders.

With an opening price of $33.60 on Friday morning, Delta Air Lines, Inc. (NYSE: DAL) set off the trading day. During the past 12 months, Delta Air Lines, Inc. has had a low of $30.60 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 $43.71B, which is based on a 6.44 price-to-earnings ratio, a 0.20 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for DAL is $35.92 and a two-hundred day moving average price translates $38.46 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.

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