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

$37.64
+0.54 (+1.46%)
(As of 06/6/2023 ET)
Compare
Today's Range
$36.61
$37.67
50-Day Range
$32.75
$37.64
52-Week Range
$27.20
$40.34
Volume
5.74 million shs
Average Volume
10.26 million shs
Market Capitalization
$24.19 billion
P/E Ratio
12.76
Dividend Yield
N/A
Price Target
$49.38

Delta Air Lines MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
31.2% 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
0.20mentions of Delta Air Lines in the last 14 days
Based on 11 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.

2.84 out of 5 stars

Transportation Sector

14th out of 118 stocks

Air Transportation, Scheduled Industry

1st out of 18 stocks


DAL stock logo

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

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.
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.
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
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
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.
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
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
StockNews.com Upgrades Delta Air Lines (NYSE:DAL) to Buy
Delta Airlines Rolls Out Long-Anticipated New Tech
See More Headlines

DAL Price History

DAL Company Calendar

Last Earnings
4/13/2023
Today
6/06/2023
Next Earnings (Estimated)
7/12/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
CUSIP
24736170
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
+31.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
16 Analysts

Profitability

Net Income
$1.32 billion
Pretax Margin
4.83%

Debt

Sales & Book Value

Annual Sales
$50.58 billion
Cash Flow
$6.59 per share
Book Value
$10.27 per share

Miscellaneous

Free Float
636,995,000
Market Cap
$24.13 billion
Optionable
Optionable
Beta
1.24

Social Links


Key Executives

  • Edward Herman BastianEdward 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 SamantRahul Samant
    Chief Information Officer & Executive VP













DAL Stock - Frequently Asked Questions

Should I buy or sell Delta Air Lines stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Delta Air Lines in the last year. There are currently 1 hold rating, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12 month price targets for Delta Air Lines' stock. Their DAL share price forecasts range from $35.00 to $70.00. On average, they anticipate the company's share price to reach $49.38 in the next twelve months. This suggests a possible upside of 31.2% 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 at the beginning of 2023. Since then, DAL shares have increased by 14.5% and is now trading at $37.64.
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 analysts' expectations of $12.25 billion. Delta Air Lines had a net margin of 3.51% and a trailing twelve-month return on equity of 56.49%. The firm's revenue for the quarter was up 36.5% on a year-over-year basis. During the same period last year, the company posted ($1.23) EPS.
Read the conference call transcript
.

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 EPS 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 number of institutional and retail 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 $37.64.

How much money does Delta Air Lines make?

Delta Air Lines (NYSE:DAL) has a market capitalization of $24.19 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 6/6/2023 by MarketBeat.com Staff

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