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

Shares of NYSE:DAL traded up $0.61 during trading on Friday, hitting $34.57. 274,708 shares of the stock were exchanged, compared to its average volume of 11,438,871. Delta Air Lines has a 1-year low of $28.09 and a 1-year high of $46.27. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 37.12 and a beta of 1.20. The company's fifty day simple moving average is $31.93 and its 200-day simple moving average is $36.92. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.59 and a current ratio of 0.66.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Berenberg Bank decreased their price objective on Delta Air Lines from $54.00 to $48.50 in a research report on Wednesday, July 20th. Susquehanna cut their price target on Delta Air Lines from $47.00 to $35.00 and set a "positive" rating for the company in a research note on Tuesday, July 12th. Morgan Stanley raised their price target on Delta Air Lines from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 14th. Argus downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Friday, July 15th. Finally, Susquehanna Bancshares cut their price objective on Delta Air Lines from $47.00 to $35.00 and set a "positive" rating on the stock in a research note on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.50.

Insider Transactions at Delta Air Lines

In other news, EVP Joanne D. Smith sold 7,704 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $41.48, for a total transaction of $319,561.92. Following the sale, the executive vice president now owns 113,153 shares of the company's stock, valued at approximately $4,693,586.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David S. Taylor acquired 10,000 shares of the company's stock in a transaction that occurred on 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 acquisition, the director now owns 43,010 shares of the company's stock, valued at approximately $1,260,623.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 7,704 shares of the company's stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $41.48, for a total value of $319,561.92. Following the transaction, the executive vice president now directly owns 113,153 shares of the company's stock, valued at $4,693,586.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,148 shares of company stock valued at $1,945,960. 0.84% of the stock is owned by corporate insiders.