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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DAL. Jefferies Financial Group cut their price objective on shares of Delta Air Lines from $50.00 to $45.00 in a research report on Friday, July 15th. The Goldman Sachs Group lifted their price objective on shares of Delta Air Lines from $44.00 to $45.00 in a research report on Wednesday, June 1st. Evercore ISI cut their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set an "outperform" rating on the stock in a research report on Monday, June 27th. JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $69.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, April 22nd. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $50.00 price objective (down previously from $53.00) on shares of Delta Air Lines in a research report on Thursday, June 23rd. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $49.50.

Delta Air Lines Stock Up 1.6 %

DAL Stock opened at $34.50 on Friday. 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 firm has a 50 day moving average of $31.85 and a 200 day moving average of $36.89. The stock has a market capitalization of $22.12 billion, a PE ratio of 37.50 and a beta of 1.20.

Delta Air Lines (NYSE:DAL - Get Rating) last announced its quarterly earnings data on Wednesday, July 13th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.27). Delta Air Lines had a net margin of 1.43% and a return on equity of 14.26%. The business had revenue of $13.82 billion for the quarter, compared to analyst estimates of $13.40 billion. During the same quarter in the previous year, the firm posted ($1.07) earnings per share. The business's revenue was up 93.9% on a year-over-year basis. Sell-side analysts forecast that Delta Air Lines will post 2.8 earnings per share for the current year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 7,704 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $41.48, for a total transaction of $319,561.92. Following the completion of the sale, the executive vice president now directly owns 113,153 shares in the company, valued at approximately $4,693,586.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Delta Air Lines news, EVP Joanne D. Smith sold 7,704 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $41.48, for a total transaction of $319,561.92. Following the completion of the sale, the executive vice president now directly owns 113,153 shares in the company, valued at approximately $4,693,586.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David S. Taylor acquired 10,000 shares of the firm's stock in a transaction on Thursday, July 14th. The shares were acquired at an average price of $29.31 per share, with a total value of $293,100.00. Following the completion of the purchase, the director now owns 43,010 shares in the company, valued at approximately $1,260,623.10. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 48,148 shares of company stock worth $1,945,960. Company insiders own 0.84% of the company's stock.