A share price of Delta Air Lines, Inc. [DAL] is currently trading at $51.33, up 2.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The DAL shares have gain 4.16% over the last week, with a monthly amount glided 15.95%, 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 July 17, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $59 from $61. Previously, TD Cowen reaffirmed its Buy rating on July 02, 2024, and elevated its price target to $61. On March 20, 2024, UBS initiated with a Buy rating and assigned a price target of $59 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $47 on March 07, 2023. Redburn upgraded its rating to a Buy but $55 remained the price target by the analyst firm on February 08, 2023. Argus upgraded its rating to Buy for this stock on January 05, 2023, but kept the price target unchanged to $39.
Delta Air Lines, Inc. experienced fluctuations in its stock price throughout the past year between $30.60 and $53.86. Currently, Wall Street analysts expect the stock to reach $56.85 within the next 12 months. Delta Air Lines, Inc. [NYSE: DAL] shares were valued at $51.33 at the most recent close of the market. An investor can expect a potential return of 10.75% based on the average DAL price forecast.
Analyzing the DAL fundamentals
Trailing Twelve Months sales for Delta Air Lines, Inc. [NYSE:DAL] were 60.31B which represents 1.22% growth. Gross Profit Margin for this corporation currently stands at 0.21% 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 0.4 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.79.
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 50.01 points at the first support level, and at 48.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.09, and for the 2nd resistance point, it is at 52.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Delta Air Lines, Inc. [NYSE:DAL] is 0.39. On the other hand, the Quick Ratio is 0.34, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 7.13.
Transactions by insiders
Recent insider trading involved Smith Joanne D, Officer, that happened on Oct 11 ’24 when 3431.0 shares were purchased. Director, Chiang Willie CW completed a deal on Jul 12 ’24 to buy 10000.0 shares. Meanwhile, EVP & Chief People Officer Smith Joanne D sold 4846.0 shares on May 08 ’24.
