NYSE:DAL

Delta Air Lines (DAL) Stock Forecast, Price & News

$39.28

+0.17 (+0.43%)

(As of 06/9/2023 ET)

Compare

Today's Range: $39.09
▼
$39.90
50-Day Range: $32.75
▼
$39.11
52-Week Range: $27.20
▼
$40.34

Volume: 14.94 million shs
Average Volume: 10.34 million shs
Market Capitalization: $25.25 billion

P/E Ratio: 13.32
Dividend Yield: N/A
Price Target: $49.38

Delta Air Lines MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 25.4% Upside
$49.38 Price Target
Short Interest: Healthy
3.94% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -5.50
Upright™ Environmental Score
News Sentiment: 0.45
Based on 20 Articles This Week
Insider Trading: Acquiring Shares
$503,250 Bought Last Quarter
Proj. Earnings Growth: 29.63%
From $5.40 to $7.00 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Transportation Sector

14th out of 120 stocks

Air Transportation, Scheduled Industry

1st out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
Delta Air Lines has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 14 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $49.38, Delta Air Lines has a forecasted upside of 25.4% from its current price of $39.37.
Amount of Analyst Coverage
Delta Air Lines has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.94% of the outstanding shares of Delta Air Lines have been sold short.
Short Interest Ratio / Days to Cover
Delta Air Lines has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Delta Air Lines has recently decreased by 1.67%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Delta Air Lines does not currently pay a dividend.
Dividend Growth
Delta Air Lines does not have a long track record of dividend growth.

0.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Delta Air Lines has received a -70.62% net impact score from Upright. The largest negative impact of Delta Air Lines in category "GHG emissions" seems to be driven mostly by its "Economy air travel on international flights", "Economy air travel on domestic flights", and "Air freight transport services" products. See details.
Environmental Sustainability
The Environmental Impact score for Delta Air Lines is -5.50.

1.9

News and Social Media Coverage

News Sentiment
Delta Air Lines has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Delta Air Lines this week, compared to 18 articles on an average week.
Search Interest
Only 70 people have searched for DAL on MarketBeat in the last 30 days. This is a decrease of -59% compared to the previous 30 days.
MarketBeat Follows
Only 17 people have added Delta Air Lines to their MarketBeat watchlist in the last 30 days. This is a decrease of -51% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Delta Air Lines insiders have bought 11.86% more of their company's stock than they have sold. Specifically, they have bought $503,250.00 in company stock and sold $449,880.00 in company stock.
Percentage Held by Insiders
Only 0.89% of the stock of Delta Air Lines is held by insiders.
Percentage Held by Institutions
66.47% of the stock of Delta Air Lines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Delta Air Lines are expected to grow by 29.63% in the coming year, from $5.40 to $7.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Delta Air Lines is 13.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of Delta Air Lines is 13.35, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.15.
Price to Earnings Growth Ratio
Delta Air Lines has a PEG Ratio of 0.20. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Delta Air Lines has a P/B Ratio of 3.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Delta Air Lines (NYSE:DAL) Stock

Delta Air Lines Inc. is a major airline providing domestic and international air travel services. Based in Atlanta, Georgia, Delta is one of the largest airlines in the world, operating a fleet of over 900 aircraft that serves more than 325 destinations across six continents. Delta has a long history in the airline industry. It is known for its exceptional customer service, operational reliability and industry-leading innovation.

As of the end of the fourth quarter of 2022, Delta Air Lines Inc. had a market capitalization of $24.5 billion, with over 720 million outstanding shares. The company has a strong financial position, with total revenue for the full year 2022 reaching $38.6 billion, an increase of 20% compared to the previous year. Delta's net income for the same period was $2.7 billion, up from $1.2 billion in 2021.

Delta's strong financial performance comes from several factors, including its strategic focus on customer service, operational efficiency and technological innovation. The company has invested heavily in its fleet and infrastructure and is committed to delivering passengers a safe and comfortable travel experience. Delta has also made significant investments in technology, such as its Fly Delta app and biometric boarding, which have helped to streamline the travel experience and improve customer satisfaction.

Delta is also committed to sustainable business practices, focusing on reducing its environmental impact. The company has set ambitious goals to reduce carbon emissions by 50% by 2050 and has invested in fuel-efficient aircraft and sustainable aviation fuel. In addition, Delta has a comprehensive recycling program and has implemented measures to reduce waste in its operations.

Delta's strong brand recognition, customer loyalty and strategic partnerships support its competitive position in the airline industry. The company has alliances with several international airlines, such as Air France-KLM and Virgin Atlantic, enabling it to provide its customers with seamless travel experiences. Delta also has a strong presence in key markets, such as New York, Atlanta and Los Angeles, which have helped to drive its growth and profitability.

Delta also faces significant challenges in the airline industry, including intense competition from other major airlines and the ongoing impact of the COVID-19 pandemic. The pandemic severely impacted the airline industry, with reduced demand for air travel and significant disruptions to operations. Delta responded to these challenges by implementing cost-cutting measures, such as reducing its workforce, retiring older aircraft and focusing on its core customer service and operational efficiency strengths.

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DAL Stock News Headlines

June 8, 2023 | marketbeat.com

Will Airline Stocks Recover? What is the Outlook?

Will airline stock recover from pre-pandemic highs — ever? Learn more about the various airlines and how they’ve handled the recovery in a complex environment.

June 7, 2023 | marketbeat.com

10 Best Airline Stocks to Buy (DAL)

The airline industry has seen tumultuous times over the past few years, so should you invest? Learn more about the best airline stock to buy on MarketBeat.

June 9, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

June 6, 2023 | marketbeat.com

Is American Airlines a Good Stock to Buy? (DAL)

Is American Airlines a good stock to buy? Here’s an analysis of the nation’s largest airline carrier to help you decide if American Airlines is a buy or sell.

June 1, 2023 | marketbeat.com

Is Delta Air Lines Stock a Buy? (DAL)

Is Delta Airlines stock a buy? Learn more about Delta Airlines has handled the recovery after the pandemic in a complex demand and supply environment.

May 30, 2023 | marketbeat.com

Delta Air Lines hit with lawsuit over claims of carbon neutrality

A consumer class action lawsuit filed Tuesday claims Delta Air Lines inaccurately billed itself as the world’s “first carbon-neutral airline” and should pay damages

May 23, 2023 | marketbeat.com

Airline ETFs: What They Are and How to Invest (DAL)

Should you invest in an airline ETF? Do they fit your portfolio? Learn the tips and tricks of investing in airline ETFs with MarketBeat.

May 16, 2023 | marketbeat.com

Is Uber Stock Pricing in Operational GAAP Profitability Soon? (DAL)

The sentiment for Uber Technologies Inc. (NASDAQ: UBER) is positive more than ever as the company continues to break records in its quest to reach

June 9, 2023 | Behind the Markets (Ad)

Here's something only a handful of people know

On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...

June 9, 2023 | msn.com

Here's How Much $100 Invested In Delta Air Lines 15 Years Ago Would Be Worth Today

June 9, 2023 | finance.yahoo.com

Delta CEO says ‘revenge travel’ is taking over America and even he’s shocked by how much: ‘$300 billion—with a B’

June 8, 2023 | finance.yahoo.com

Delta Air Lines Profit Expected To Soar 75%

June 8, 2023 | finance.yahoo.com

Even one of the most progressive Fortune 500 CEOs wants to get back to business: ‘We want everybody to be flying Delta’

June 8, 2023 | finance.yahoo.com

Delta CEO has no regrets when it comes to standing up for voting rights in Georgia

June 8, 2023 | markets.businessinsider.com

DBS Sticks to Its Buy Rating for Delta Air Lines (DAL)

June 7, 2023 | benzinga.com

Delta Air Lines Unusual Options Activity For June 07

June 6, 2023 | finance.yahoo.com

Greenwashing and the Energy Transition: Principles for Mitigating Risk

June 5, 2023 | finance.yahoo.com

Delta completes penultimate milestone at LAX with Terminal 3 west headhouse

June 5, 2023 | finance.yahoo.com

June 4, 2023 | americanbankingnews.com

Delta Air Lines (NYSE:DAL) Rating Lowered to Hold at StockNews.com

June 3, 2023 | americanbankingnews.com

Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith Sells 7,513 Shares

June 1, 2023 | finance.yahoo.com

Low-cost carriers drive growth in Phoenix Sky Harbor passenger traffic

May 30, 2023 | finance.yahoo.com

Delta Stock Queuing Up For Takeoff Amid Triple-Digit Profits?

May 30, 2023 | ca.finance.yahoo.com

Delta Air Lines faces proposed U.S. class action over carbon neutral claims

May 29, 2023 | finance.yahoo.com

Wall Street Bulls Look Optimistic About Delta (DAL): Should You Buy?

May 23, 2023 | finance.yahoo.com

United CEO on debt ceiling, new $1 billion Denver investment

May 22, 2023 | americanbankingnews.com

StockNews.com Upgrades Delta Air Lines (NYSE:DAL) to Buy

See More Headlines

DAL Price History

30 days | 90 days | 365 days | Advanced Chart

DAL Company Calendar

Last Earnings: 4/13/2023
Today: 6/09/2023
Next Earnings (Estimated): 7/12/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Air transportation, scheduled
Sub-Industry: Airlines
Sector: Transportation
Current Symbol: NYSE:DAL
CUSIP: 24736170
CIK: 27904
Web: www.delta.com
Phone: (404) 715-2600
Fax: 404-715-5042
Employees: 95,000
Year Founded: 1925

Price Target and Rating

Average Stock Price Forecast: $49.38
High Stock Price Forecast: $70.00
Low Stock Price Forecast: $35.00
Forecasted Upside/Downside: +25.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.95
Trailing P/E Ratio: 13.38
Forward P/E Ratio: 7.31
P/E Growth: 0.2
Net Income: $1.32 billion
Net Margins: 3.51%
Pretax Margin: 4.83%
Return on Equity: 56.49%
Return on Assets: 4.10%

Debt

Debt-to-Equity Ratio: 3.17
Current Ratio: 0.47
Quick Ratio: 0.42

Sales & Book Value

Annual Sales: $50.58 billion
Price / Sales: 0.50
Cash Flow: $6.70 per share
Price / Cash Flow: 5.89
Book Value: $10.27 per share
Price / Book: 3.84

Miscellaneous

Outstanding Shares: 642,720,000
Free Float: 636,995,000
Market Cap: $25.37 billion
Optionable: Optionable
Beta: 1.24

Social Links

Key Executives

Edward Herman Bastian
Chief Executive Officer & Director

Glen William Hauenstein
President

John E. Laughter
Chief Operating Officer & Executive Vice President

Daniel C. Janki
Chief Financial Officer & Executive Vice President

Rahul Samant
Chief Information Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DAL Stock - Frequently Asked Questions

Should I buy or sell Delta Air Lines stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Delta Air Lines in the last twelve months. There are currently 1 hold rating, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DAL shares.
View DAL analyst ratings or view top-rated stocks.
What is Delta Air Lines' stock price forecast for 2023?: 16 equities research analysts have issued 12 month target prices for Delta Air Lines' shares. Their DAL share price forecasts range from $35.00 to $70.00. On average, they anticipate the company's stock price to reach $49.38 in the next year. This suggests a possible upside of 26.3% from the stock's current price.
View analysts price targets for DAL or view top-rated stocks among Wall Street analysts.
How have DAL shares performed in 2023?: Delta Air Lines' stock was trading at $32.86 on January 1st, 2023. Since then, DAL stock has increased by 19.0% and is now trading at $39.11.
View the best growth stocks for 2023 here.
When is Delta Air Lines' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 12th 2023.
View our DAL earnings forecast.
How were Delta Air Lines' earnings last quarter?: Delta Air Lines, Inc. (NYSE:DAL) released its quarterly earnings data on Thursday, April, 13th. The transportation company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.29 by $0.04. The transportation company had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.25 billion. Delta Air Lines had a trailing twelve-month return on equity of 56.49% and a net margin of 3.51%. The firm's revenue was up 36.5% on a year-over-year basis. During the same period in the prior year, the company posted ($1.23) earnings per share.
Read the conference call transcript.
What ETFs hold Delta Air Lines' stock?: ETFs with the largest weight of Delta Air Lines (NYSE:DAL) stock in their portfolio include U.S. Global Jets ETF (JETS), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Defiance Hotel, Airline, and Cruise ETF (CRUZ), iShares U.S. Transportation ETF (IYT), First Trust Nasdaq Transportation ETF (FTXR), Direxion Daily Transportation Bull 3X Shares (TPOR), ALPS Global Travel Beneficiaries ETF (JRNY) and Direxion Daily Travel & Vacation Bull 2X Shares (OOTO).
What guidance has Delta Air Lines issued on next quarter's earnings?: Delta Air Lines issued an update on its FY 2023 earnings guidance on Monday, April, 17th. The company provided EPS guidance of $5.00-$6.00 for the period, compared to the consensus estimate of $5.39. The company issued revenue guidance of $52.45 billion-$54.73 billion, compared to the consensus revenue estimate of $53.74 billion.
What is Ed Bastian's approval rating as Delta Air Lines' CEO?: 1,256 employees have rated Delta Air Lines Chief Executive Officer Ed Bastian on Glassdoor.com. Ed Bastian has an approval rating of 95% among the company's employees. This puts Ed Bastian in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Delta Air Lines own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Delta Air Lines investors own include Boeing (BA), Walt Disney (DIS), Bank of America (BAC), NVIDIA (NVDA), Southwest Airlines (LUV), American Airlines Group (AAL), Tesla (TSLA), AT&T (T), JPMorgan Chase & Co. (JPM) and Micron Technology (MU).
What is Delta Air Lines' stock symbol?: Delta Air Lines trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAL."
Who are Delta Air Lines' major shareholders?: Delta Air Lines' stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (3.37%), FMR LLC (2.30%), Geode Capital Management LLC (2.05%), Renaissance Technologies LLC (0.99%), GMT Capital Corp (0.97%) and Gallagher Fiduciary Advisors LLC (0.91%). Insiders that own company stock include David S Taylor, Edward H Bastian, Francis S Blake, Glen W Hauenstein, Greg Creed, Joanne D Smith, Michael P Huerta, Paul A Jacobson, Rahul D Samant, Steven M Sear and William C Carroll.
View institutional ownership trends.
How do I buy shares of Delta Air Lines?: Shares of DAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Delta Air Lines' stock price today?: One share of DAL stock can currently be purchased for approximately $39.11.
How much money does Delta Air Lines make?: Delta Air Lines (NYSE:DAL) has a market capitalization of $25.14 billion and generates $50.58 billion in revenue each year. The transportation company earns $1.32 billion in net income (profit) each year or $2.95 on an earnings per share basis.
How many employees does Delta Air Lines have?: The company employs 95,000 workers across the globe.
Does Delta Air Lines have any subsidiaries?: The following companies are subsidiares of Delta Air Lines: Aero Assurance Ltd., DAL Global Technology Hub LLP, Delta Flight Products LLC, Delta Material Services LLC, Delta Professional Services LLC, Delta Vacations LLC, Endeavor Air Inc., Epsilon Trading LLC, Grupo Aeroméxico S.A.B. de C.V., MIPC LLC, Monroe Energy LLC, New Sky Ltd., Northwest Airlines Corporation, SkyMiles Holdings Ltd., SkyMiles IP Finance Ltd., SkyMiles IP Holdings Ltd., SkyMiles IP Ltd., and Virgin Atlantic Airways.
Read More
How can I contact Delta Air Lines?: Delta Air Lines' mailing address is 1030 DELTA BOULEVARD, ATLANTA GA, 30320. The official website for the company is www.delta.com. The transportation company can be reached via phone at (404) 715-2600, via email at investorrelations@delta.com, or via fax at 404-715-5042.

This page (NYSE:DAL) was last updated on 6/9/2023 by MarketBeat.com Staff

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Delta Air Lines (DAL) Stock Forecast, Price & News

Delta Air Lines MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Delta Air Lines (NYSE:DAL) Stock

DAL Stock News Headlines

DAL Price History

DAL Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

DAL Stock - Frequently Asked Questions

Overall MarketRank^™