NYSE:DAL

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

$37.01

+0.63 (+1.73%)

(As of 06/2/2023 ET)

Compare

Today's Range: $36.64
▼
$37.64
50-Day Range: $31.59
▼
$36.38
52-Week Range: $27.20
▼
$40.34

Volume: 8.93 million shs
Average Volume: 10.32 million shs
Market Capitalization: $23.79 billion

P/E Ratio: 12.55
Dividend Yield: N/A
Price Target: $49.38

Delta Air Lines MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 33.4% 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: 0.36
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.

2.85 out of 5 stars

Transportation Sector

17th out of 120 stocks

Air Transportation, Scheduled Industry

1st out of 18 stocks

3.5

Analyst's Opinion

Consensus Rating
Delta Air Lines has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 14 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $49.38, Delta Air Lines has a forecasted upside of 33.4% from its current price of $37.01.
Amount of Analyst Coverage
Delta Air Lines has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.94% of the outstanding shares of Delta Air Lines have been sold short.
Short Interest Ratio / Days to Cover
Delta Air Lines has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Delta Air Lines has recently decreased by 1.67%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Delta Air Lines does not currently pay a dividend.
Dividend Growth
Delta Air Lines does not have a long track record of dividend growth.

0.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Delta Air Lines has received a -70.62% net impact score from Upright. The largest negative impact of Delta Air Lines in category "GHG emissions" seems to be driven mostly by its "Economy air travel on international flights", "Economy air travel on domestic flights", and "Air freight transport services" products. See details.
Environmental Sustainability
The Environmental Impact score for Delta Air Lines is -5.50.

1.3

News and Social Media Coverage

News Sentiment
Delta Air Lines has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Delta Air Lines this week, compared to 18 articles on an average week.
Search Interest
Only 89 people have searched for DAL on MarketBeat in the last 30 days. This is a decrease of -54% compared to the previous 30 days.
MarketBeat Follows
Only 16 people have added Delta Air Lines to their MarketBeat watchlist in the last 30 days. This is a decrease of -58% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Delta Air Lines insiders have bought 11.86% more of their company's stock than they have sold. Specifically, they have bought $503,250.00 in company stock and sold $449,880.00 in company stock.
Percentage Held by Insiders
Only 0.84% of the stock of Delta Air Lines is held by insiders.
Percentage Held by Institutions
66.47% of the stock of Delta Air Lines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Delta Air Lines are expected to grow by 29.63% in the coming year, from $5.40 to $7.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Delta Air Lines is 12.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Delta Air Lines is 12.55, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.74.
Price to Earnings Growth Ratio
Delta Air Lines has a PEG Ratio of 0.19. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Delta Air Lines has a P/B Ratio of 3.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Receive DAL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Delta Air Lines and its competitors with MarketBeat's FREE daily newsletter.

DAL Stock News Headlines

June 1, 2023 | marketbeat.com

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.

May 30, 2023 | marketbeat.com

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

June 2, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.

May 23, 2023 | marketbeat.com

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.

May 16, 2023 | marketbeat.com

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

June 1, 2023 | finance.yahoo.com

Low-cost carriers drive growth in Phoenix Sky Harbor passenger traffic

May 30, 2023 | finance.yahoo.com

Delta Stock Queuing Up For Takeoff Amid Triple-Digit Profits?

May 30, 2023 | ca.finance.yahoo.com

Delta Air Lines faces proposed U.S. class action over carbon neutral claims

June 2, 2023 | Stocks To Trade (Ad)

15 A.I. Trading Opportunities a Day

Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.

May 29, 2023 | finance.yahoo.com

Wall Street Bulls Look Optimistic About Delta (DAL): Should You Buy?

May 23, 2023 | finance.yahoo.com

United CEO on debt ceiling, new $1 billion Denver investment

May 22, 2023 | americanbankingnews.com

StockNews.com Upgrades Delta Air Lines (NYSE:DAL) to Buy

May 22, 2023 | finance.yahoo.com

The Undoing of American and JetBlue’s Northeast Alliance – in 11 Quotes

May 19, 2023 | businesswire.com

AEG and Delta Air Lines Grow More Than Decade-long Partnership Across Marquee Sports and Live Entertainment Assets With Expanded New Renewal Agreement

May 19, 2023 | finance.yahoo.com

Here's Why You Should Hold Delta Air (DAL) in Portfolio Now

May 19, 2023 | finance.yahoo.com

UPDATE 2-American Airlines pilots reach agreement on new contract

May 19, 2023 | finance.yahoo.com

American Airlines says it has a deal with the pilots' union on a new contract; won't disclose terms

May 19, 2023 | msn.com

Factbox: Pilots, airlines seek to strike new contracts ahead of peak travel season

May 19, 2023 | americanbankingnews.com

Delta Air Lines, Inc. (NYSE:DAL) Receives $49.38 Average PT from Brokerages

May 15, 2023 | finance.yahoo.com

Delta Airlines Rolls Out Long-Anticipated New Tech

May 14, 2023 | finance.yahoo.com

Delta Airlines Customers Angry as Familiar Problem Gets Worse

May 14, 2023 | finance.yahoo.com

Travelers Vent About a Delta Airlines Customer Service Disaster

May 14, 2023 | americanbankingnews.com

Delta Air Lines (NYSE:DAL) Downgraded by StockNews.com

May 12, 2023 | msn.com

Delta Air Lines: A Relatively Bright Future

May 12, 2023 | finance.yahoo.com

United Airlines pilots picket demanding wage increases as airlines threaten strike

May 12, 2023 | msn.com

United Airlines' Pilot Union Demands Better Contract Than Delta: Report

May 12, 2023 | msn.com

United Airlines pilot union wants to 'raise the bar' from Delta's contract

See More Headlines

DAL Price History

30 days | 90 days | 365 days | Advanced Chart

DAL Company Calendar

Last Earnings: 4/13/2023
Today: 6/02/2023
Next Earnings (Estimated): 7/12/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Air transportation, scheduled
Sub-Industry: Airlines
Sector: Transportation
Current Symbol: NYSE:DAL
CUSIP: 24736170
CIK: 27904
Web: www.delta.com
Phone: (404) 715-2600
Fax: 404-715-5042
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: +32.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.95
Trailing P/E Ratio: 12.67
Forward P/E Ratio: 6.92
P/E Growth: 0.19
Net Income: $1.32 billion
Net Margins: 3.51%
Pretax Margin: 4.83%
Return on Equity: 56.49%
Return on Assets: 4.10%

Debt

Debt-to-Equity Ratio: 3.17
Current Ratio: 0.47
Quick Ratio: 0.42

Sales & Book Value

Annual Sales: $50.58 billion
Price / Sales: 0.47
Cash Flow: $6.68 per share
Price / Cash Flow: 5.60
Book Value: $9.74 per share
Price / Book: 3.84

Miscellaneous

Outstanding Shares: 642,720,000
Free Float: 637,316,000
Market Cap: $24.02 billion
Optionable: Optionable
Beta: 1.24

Social Links

Key Executives

Edward 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 Samant
Chief Information Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DAL Stock - Frequently Asked Questions

Should I buy or sell Delta Air Lines stock right now?: 16 Wall Street research 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 research 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 brokerages have issued twelve-month price objectives for Delta Air Lines' stock. Their DAL share price forecasts range from $35.00 to $70.00. On average, they anticipate the company's stock price to reach $49.38 in the next twelve months. This suggests a possible upside of 33.4% 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 the year. Since then, DAL shares have increased by 12.6% and is now trading at $37.01.
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 earnings results 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 earned $12.76 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 36.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.23) EPS.
Read the conference call transcript.
What ETFs hold Delta Air Lines' stock?: ETFs with the largest weight of Delta Air Lines (NYSE:DAL) stock in their portfolio include U.S. Global Jets ETF (JETS), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Defiance Hotel, Airline, and Cruise ETF (CRUZ), iShares U.S. Transportation ETF (IYT), First Trust Nasdaq Transportation ETF (FTXR), Direxion Daily Transportation Bull 3X Shares (TPOR), ALPS Global Travel Beneficiaries ETF (JRNY) and Direxion Daily Travel & Vacation Bull 2X Shares (OOTO).
What guidance has Delta Air Lines issued on next quarter's earnings?: Delta Air Lines updated its FY 2023 earnings guidance on Monday, April, 17th. The company provided earnings per share guidance of $5.00-$6.00 for the period, compared to the consensus 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 $37.01.
How much money does Delta Air Lines make?: Delta Air Lines (NYSE:DAL) has a market capitalization of $23.79 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 6/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Delta Air Lines MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Delta Air Lines (NYSE:DAL) Stock

DAL Stock News Headlines

DAL Price History

DAL Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

DAL Stock - Frequently Asked Questions

Overall MarketRank^™