At the time of writing, Delta Air Lines, Inc [DAL] stock is trading at $58.39, up 2.04%. 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 7.89% over the last week, with a monthly amount glided 23.03%, 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.
For the past year, the stock price of Delta Air Lines, Inc fluctuated between $30.83 and $59.09. 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 $58.39 at the most recent close of the market. An investor can expect a potential drop of -2.64% based on the average DAL price forecast.
Analyzing the DAL fundamentals
According to Delta Air Lines, Inc [NYSE:DAL], the company’s sales were 60.31B for trailing twelve months, which represents an 1.22% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.3.
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 57.52 points at the first support level, and at 56.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.22, and for the 2nd resistance point, it is at 60.05.
Ratios To Look Out For
It is important to note that Delta Air Lines, Inc [NYSE:DAL] has a current ratio of 0.39. As well, the Quick Ratio is 0.34, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 2.76 and price to earnings (TTM) ratio is 8.11.
Transactions by insiders
Recent insider trading involved HAUENSTEIN GLEN W, President, that happened on Oct 31 ’24 when 75000.0 shares were sold. Officer, Sear Steven M completed a deal on Nov 01 ’24 to buy 10279.0 shares. Meanwhile, EVP & Chief Info Officer Samant Rahul D sold 10000.0 shares on Oct 30 ’24.
