Delta Air Lines, Inc. [DAL] stock prices are down -0.06% to $46.86 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DAL shares have gain 0.32% over the last week, with a monthly amount drifted -7.10%, and not 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 July 02, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $61 from $55. Previously, UBS started tracking the stock with Buy rating on March 20, 2024, and set its price target to $59. On March 07, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $47 on the stock. Redburn upgraded its rating to a Buy but stick to its price target of $55 on February 08, 2023. Argus upgraded its rating to a Buy but $39 remained the price target by the analyst firm on January 05, 2023. In a note dated December 15, 2022, Evercore ISI downgraded an In-line rating on this stock and revised its target price from $50 to $40.
The stock price of Delta Air Lines, Inc. [DAL] has been fluctuating between $30.60 and $53.86 over the past year. Currently, Wall Street analysts expect the stock to reach $57.27 within the next 12 months. Delta Air Lines, Inc. [NYSE: DAL] shares were valued at $46.86 at the most recent close of the market. An investor can expect a potential return of 22.22% based on the average DAL price forecast.
Analyzing the DAL fundamentals
The Delta Air Lines, Inc. [NYSE:DAL] reported sales of 59.04B for trailing twelve months, representing a surge 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 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 46.46 points at the first support level, and at 46.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.27, and for the 2nd resistance point, it is at 47.69.
Ratios To Look Out For
It’s worth pointing out that Delta Air Lines, Inc. [NYSE:DAL]’s Current Ratio is 0.41. As well, the Quick Ratio is 0.36, while 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 2.71 and price to earnings (TTM) ratio is 6.02.
Transactions by insiders
Recent insider trading involved Smith Joanne D, EVP & Chief People Officer, that happened on May 08 ’24 when 4846.0 shares were sold. Director, Chiang Willie CW completed a deal on May 01 ’24 to buy 10000.0 shares. Meanwhile, EVP – External Affairs Carter Peter W sold 50000.0 shares on Apr 29 ’24.
