Does Delta Air Lines, Inc. (NYSE:DAL) warrant a purchase right now? What to Consider Before Making a Decision

Delta Air Lines, Inc. (NYSE:DAL) shares traded 1.55% higher at $36.06 on Wall Street last session.

In accordance with the data, 23 analysts cover Delta Air Lines, Inc. (NYSE:DAL). 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 $35.51, this indicates a potential upside of 40.81 percent. DAL stock price is now 1.90% away from the 50-day moving average and -6.06% away from the 200-day moving average. The market capitalization of the company currently stands at $23.20B.

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It has been rated a hold by 1 analysts and a buy by 19. Brokers who have rated the stock have averaged $52.30 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 $0.99 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 $3.44 million. Insiders disposed of 310,524 shares of company stock worth roughly $11.2 million over the past 1 year. A total of 0.37% of the company’s stock is owned by insiders.

Delta Air Lines, Inc. (NYSE: DAL) opened at $35.78 on Friday. 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 $45.00B, which is based on a 6.82 price-to-earnings ratio, a 0.21 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for DAL is $35.29 and a two-hundred day moving average price translates $38.37 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 $13.56B in revenue.

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 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.

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