In yesterday’s Wall Street session, Delta Air Lines, Inc. (NYSE:DAL) shares traded at $47.57, down -0.59% from the previous session.
DAL stock price is now 8.45% away from the 50-day moving average and 16.71% away from the 200-day moving average. The market capitalization of the company currently stands at $30.70B.
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 $5.58 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 $0.47 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 2.36, a current ratio of 0.41, and a quick ratio of 0.36.
The net profit margin was 8.48% and return on equity was 57.54% for DAL. The company reported revenue of $13.75 billion for the quarter, compared to $12.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.75 percent.
