At the time of writing, Delta Air Lines, Inc. [DAL] stock is trading at $45.42, down -0.37%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DAL shares have gain 4.56% over the last week, with a monthly amount glided 8.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Delta Air Lines, Inc. [NYSE: DAL] stock has seen the most recent analyst activity on March 20, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $59. Previously, Evercore ISI upgraded its rating to Outperform on March 07, 2023, and elevated its price target to $47. On February 08, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $55 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $39 on January 05, 2023. Evercore ISI downgraded its rating to In-line for this stock on December 15, 2022, and downed its price target to $40. In a note dated October 14, 2022, Cowen upgraded an Outperform rating on this stock but restated the target price of $54.
For the past year, the stock price of Delta Air Lines, Inc. fluctuated between $30.60 and $49.81. Currently, Wall Street analysts expect the stock to reach $53.66 within the next 12 months. Delta Air Lines, Inc. [NYSE: DAL] shares were valued at $45.42 at the most recent close of the market. An investor can expect a potential return of 18.14% based on the average DAL price forecast.
Analyzing the DAL fundamentals
According to Delta Air Lines, Inc. [NYSE:DAL], the company’s sales were 58.05B for trailing twelve months, which represents an 5.87% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.53 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.79 points at the first support level, and at 44.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.81, and for the 2nd resistance point, it is at 46.21.
Delta Air Lines, Inc. [DAL] reported earnings per share of $1.28 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.16/share, meaning a difference of $0.12 and a surprise factor of 10.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.03 per share as compared to estimates of $1.95 per share, a difference of $0.08 representing a surprise of 4.10%.
Ratios To Look Out For
It is important to note that Delta Air Lines, Inc. [NYSE:DAL] has a current ratio of 0.39. Further, the Quick Ratio stands at 0.34, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 2.63 and price to earnings (TTM) ratio is 6.34.
Transactions by insiders
Recent insider trading involved Smith Joanne D, EVP & Chief People Officer, that happened on Feb 27 ’24 when 4876.0 shares were sold. SVP, Fin & Controller, Carroll William C completed a deal on Feb 06 ’24 to sell 6192.0 shares. Meanwhile, Chief Executive Officer Bastian Edward H sold 71840.0 shares on Feb 01 ’24.
