Delta Air Lines - DAL Stock Forecast, Price & News

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.

Delta Air Lines Stock Performance

DAL Stock traded up $0.81 during trading on Monday, hitting $33.75. 9,423,041 shares of the company's stock traded hands, compared to its average volume of 14,922,611. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 6.01. Delta Air Lines has a 52 week low of $28.09 and a 52 week high of $46.27. The stock has a fifty day moving average price of $32.33 and a two-hundred day moving average price of $37.00. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of 36.69 and a beta of 1.20.

Delta Air Lines (NYSE:DAL - Get Rating) last released its quarterly earnings results on Wednesday, July 13th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.27). The firm had revenue of $13.82 billion for the quarter, compared to the consensus estimate of $13.40 billion. Delta Air Lines had a return on equity of 14.26% and a net margin of 1.43%. The firm's revenue was up 93.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.07) EPS. As a group, equities analysts anticipate that Delta Air Lines will post 2.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Delta Air Lines from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, July 8th. Evercore ISI cut their target price on shares of Delta Air Lines from $65.00 to $56.00 and set an "outperform" rating for the company in a research report on Monday, June 27th. Susquehanna Bancshares cut their target price on shares of Delta Air Lines from $47.00 to $35.00 and set a "positive" rating for the company in a research report on Tuesday, July 12th. Bank of America lifted their price target on shares of Delta Air Lines from $47.00 to $50.00 in a report on Thursday, April 14th. Finally, Jefferies Financial Group lowered their price target on shares of Delta Air Lines from $50.00 to $45.00 in a report on Friday, July 15th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.50.

Insider Transactions at Delta Air Lines

In other news, Director David S. Taylor purchased 10,000 shares of the stock in a transaction dated Thursday, July 14th. The stock was acquired at an average price of $29.31 per share, for a total transaction of $293,100.00. Following the completion of the transaction, the director now owns 43,010 shares of the company's stock, valued at $1,260,623.10. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director David S. Taylor purchased 10,000 shares of the stock in a transaction dated Thursday, July 14th. The stock was acquired at an average price of $29.31 per share, for a total transaction of $293,100.00. Following the completion of the transaction, the director now owns 43,010 shares of the company's stock, valued at $1,260,623.10. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 27,664 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $39.55, for a total transaction of $1,094,111.20. Following the completion of the transaction, the chief executive officer now owns 446,712 shares of the company's stock, valued at approximately $17,667,459.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,148 shares of company stock worth $1,945,960. Insiders own 0.84% of the company's stock.