Stocks of Delta Air Lines, Inc. (NYSE:DAL) traded higher last session on Wall Street, down -0.89% to $45.59.
DAL stock price is now 11.34% away from the 50-day moving average and 12.92% away from the 200-day moving average. The market capitalization of the company currently stands at $29.33B.
With the price target of $59, UBS recently initiated with Buy rating for Delta Air Lines, Inc. (NYSE: DAL). On March 07, 2023, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $40 to quote $47, while ‘Redburn’ rates the stock as ‘Buy’
In other news, Smith Joanne D, EVP & Chief People Officer sold 4,876 shares of the company’s stock on Feb 27 ’24. The stock was sold for $204,904 at an average price of $42.02. Upon completion of the transaction, the EVP & Chief People Officer now directly owns 117,267 shares in the company, valued at $5.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’24, SVP, Fin & Controller Carroll William C sold 6,192 shares of the business’s stock. A total of $248,609 was realized by selling the stock at an average price of $40.15. This leaves the insider owning 9,806 shares of the company worth $0.45 million. A total of 0.41% of the company’s stock is owned by insiders.
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 2.46, a current ratio of 0.39, and a quick ratio of 0.34. According to the stock market information, the enterprise value for the company is $52.74B, which is based on a 6.37 price-to-earnings ratio, a 0.32 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for DAL is $41.01 and a two-hundred day moving average price translates $40.41 for the stock.
The latest earnings results from Delta Air Lines, Inc. (NYSE: DAL) was released for Dec, 2023. According to the Airlines Company, earnings per share came in at $1.28, beating analysts’ expectations of $1.16 by 0.12. This compares to $1.30 EPS in the same period last year. The net profit margin was 7.94% and return on equity was 52.12% for DAL. The company reported revenue of $14.22 billion for the quarter, compared to $13.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.87 percent. For the current quarter, analysts expect DAL to generate $12.53B in revenue.
