A share price of Delta Air Lines, Inc. [DAL] is currently trading at $46.65, down -0.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The DAL shares have lost -0.77% over the last week, with a monthly amount glided 8.34%, 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.
Delta Air Lines, Inc. experienced fluctuations in its stock price throughout the past year between $30.60 and $49.81. 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 $46.65 at the most recent close of the market. An investor can expect a potential return of 18.41% based on the average DAL price forecast.
Analyzing the DAL fundamentals
Trailing Twelve Months sales for Delta Air Lines, Inc. [NYSE:DAL] were 59.04B which represents 7.75% growth. 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 1.8.
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 46.02 points at the first support level, and at 45.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.55, and for the 2nd resistance point, it is at 48.45.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Delta Air Lines, Inc. [NYSE:DAL] is 0.41. On the other hand, the Quick Ratio is 0.36, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 2.70 and price to earnings (TTM) ratio is 5.99.
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.
