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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DAL shares. The Goldman Sachs Group upped their price target on shares of Delta Air Lines from $44.00 to $45.00 in a report on Wednesday, June 1st. Raymond James reissued a "strong-buy" rating and issued a $50.00 price target (down from $53.00) on shares of Delta Air Lines in a report on Thursday, June 23rd. Argus downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Friday, July 15th. Evercore ISI reduced their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set an "outperform" rating for the company in a research note on Monday, June 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Delta Air Lines from $55.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.50.

Delta Air Lines Stock Down 3.4 %

NYSE:DAL traded down $1.18 during trading on Friday, reaching $33.31. The company's stock had a trading volume of 138,171 shares, compared to its average volume of 9,476,514. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 6.01. The stock has a market capitalization of $21.36 billion, a PE ratio of 37.49 and a beta of 1.20. The business has a 50-day moving average price of $31.56 and a 200-day moving average price of $36.78. Delta Air Lines has a 1-year low of $28.09 and a 1-year high of $46.27.

Delta Air Lines (NYSE:DAL - Get Rating) last posted its earnings results on Wednesday, July 13th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $13.40 billion. During the same quarter last year, the firm earned ($1.07) earnings per share. Delta Air Lines's revenue was up 93.9% compared to the same quarter last year. On average, research analysts forecast that Delta Air Lines will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at Delta Air Lines

In other news, EVP Joanne D. Smith sold 7,704 shares of the business's stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $41.48, for a total value 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 $4,693,586.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Edward H. Bastian sold 27,664 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now owns 446,712 shares of the company's stock, valued at $17,667,459.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 7,704 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 113,153 shares in the company, valued at approximately $4,693,586.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,148 shares of company stock worth $1,945,960. 0.84% of the stock is owned by insiders.