Delta Air Lines, Inc. [DAL] stock is trading at $47.63, up 3.01%. 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 3.81% over the last week, with a monthly amount glided 11.39%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 10, April 2024, SriLankan Airlines Leverages UATP Merchant Status to Accelerate Growth and Reduce Payment Costs. In a post published today on Yahoo Finance, The partnership with the flag carrier of Sri Lanka is emblematic of UATP’s increasing presence in Southeast Asia and the Indian subcontinent.
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.
Delta Air Lines, Inc. [DAL] stock has fluctuated between $30.60 and $49.81 over the past year. Currently, Wall Street analysts expect the stock to reach $55.24 within the next 12 months. Delta Air Lines, Inc. [NYSE: DAL] shares were valued at $47.63 at the most recent close of the market. An investor can expect a potential return of 15.98% based on the average DAL price forecast.
Analyzing the DAL fundamentals
Delta Air Lines, Inc. [NYSE:DAL] reported sales of 59.04B for the trailing twelve months, which represents a growth of 7.75%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.52 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.36.
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 46.85 points at the first support level, and at 46.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.15, and for the 2nd resistance point, it is at 48.66.
Delta Air Lines, Inc. [DAL] reported earnings per share of $0.45 for its fiscal quarter that ended on 3/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of $0.09 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2023 were $1.28 per share as compared to estimates of $1.16 per share, a difference of $0.12 representing a surprise of 10.30%.
Ratios To Look Out For
For context, Delta Air Lines, Inc.’s Current Ratio is 0.41. Further, the Quick Ratio stands at 0.36, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 2.76 and price to earnings (TTM) ratio is 6.12.
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.
