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.

Wall Street Analyst Weigh In

DAL has been the topic of several analyst reports. Susquehanna Bancshares reduced their target price on Delta Air Lines from $47.00 to $35.00 and set a "positive" rating on the stock in a report on Tuesday, July 12th. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $69.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, April 22nd. Evercore ISI reduced their target price on Delta Air Lines from $65.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, June 27th. Susquehanna cut their price target on Delta Air Lines from $47.00 to $35.00 and set a "positive" rating on the stock in a report on Tuesday, July 12th. Finally, Berenberg Bank cut their price target on Delta Air Lines from $54.00 to $48.50 in a report on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.50.

Delta Air Lines Price Performance

Shares of DAL Stock opened at $35.00 on Tuesday. The firm has a market cap of $22.44 billion, a P/E ratio of 38.04 and a beta of 1.20. Delta Air Lines has a fifty-two week low of $28.09 and a fifty-two week high of $46.27. The business's 50 day moving average price is $31.77 and its 200-day moving average price is $36.85. 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 issued its quarterly earnings data on Wednesday, July 13th. The transportation company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $13.82 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same quarter in the prior year, the business posted ($1.07) earnings per share. Delta Air Lines's quarterly revenue was up 93.9% compared to the same quarter last year. On average, equities research analysts anticipate that Delta Air Lines will post 2.8 earnings per share for the current year.

Insider Activity at Delta Air Lines

In related news, EVP Steven M. Sear sold 12,780 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $41.65, for a total transaction of $532,287.00. Following the sale, the executive vice president now directly owns 90,373 shares in the company, valued at $3,764,035.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Delta Air Lines news, EVP Joanne D. Smith sold 7,704 shares of Delta Air Lines 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 completion of the transaction, the executive vice president now owns 113,153 shares in the company, valued at $4,693,586.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven M. Sear sold 12,780 shares of the business's stock in a transaction on Friday, May 27th. The stock was sold at an average price of $41.65, for a total value of $532,287.00. Following the completion of the transaction, the executive vice president now owns 90,373 shares of the company's stock, valued at approximately $3,764,035.45. The disclosure for this sale can be found here. Insiders have sold 48,148 shares of company stock worth $1,945,960 over the last ninety days. 0.84% of the stock is owned by corporate insiders.