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NYSE:DAL

Delta Air Lines - DAL Stock Forecast, Price & News

$33.51
-0.24 (-0.71%)
(As of 08/9/2022 09:23 AM ET)
Add
Compare
Today's Range
$33.36
$33.59
50-Day Range
$28.97
$41.69
52-Week Range
$28.09
$46.27
Volume
290 shs
Average Volume
13.75 million shs
Market Capitalization
$21.49 billion
P/E Ratio
36.42
Dividend Yield
N/A
Price Target
$49.50

Delta Air Lines MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
46.7% Upside
$49.50 Price Target
Short Interest
Healthy
3.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.50
Upright™ Environmental Score
News Sentiment
0.32mentions of Delta Air Lines in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.95 M Sold Last Quarter
Proj. Earnings Growth
100.71%
From $2.80 to $5.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Transportation Sector

15th out of 125 stocks

Air Transportation, Scheduled Industry

4th out of 18 stocks

DAL stock logo

About Delta Air Lines (NYSE:DAL) Stock

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

DAL Stock traded up $0.81 during trading on Monday, hitting $33.75. 9,423,041 shares of the company's stock traded hands, compared to its average volume of 14,922,611. 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 stock has a fifty day moving average price of $32.33 and a two-hundred day moving average price of $37.00. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of 36.69 and a beta of 1.20.

Delta Air Lines (NYSE:DAL - Get Rating) last released its quarterly earnings results on Wednesday, July 13th. The transportation company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.27). The firm had revenue of $13.82 billion for the quarter, compared to the consensus estimate of $13.40 billion. Delta Air Lines had a return on equity of 14.26% and a net margin of 1.43%. The firm's revenue was up 93.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.07) EPS. As a group, equities analysts anticipate that Delta Air Lines will post 2.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Delta Air Lines from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, July 8th. Evercore ISI cut their target price on shares of Delta Air Lines from $65.00 to $56.00 and set an "outperform" rating for the company in a research report on Monday, June 27th. Susquehanna Bancshares cut their target price on shares of Delta Air Lines from $47.00 to $35.00 and set a "positive" rating for the company in a research report on Tuesday, July 12th. Bank of America lifted their price target on shares of Delta Air Lines from $47.00 to $50.00 in a report on Thursday, April 14th. Finally, Jefferies Financial Group lowered their price target on shares of Delta Air Lines from $50.00 to $45.00 in a report on Friday, July 15th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.50.

Insider Transactions at Delta Air Lines

In other news, Director David S. Taylor purchased 10,000 shares of the stock in a transaction dated 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 transaction, the director now owns 43,010 shares of the company's stock, valued at $1,260,623.10. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director David S. Taylor purchased 10,000 shares of the stock in a transaction dated 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 transaction, the director now owns 43,010 shares of the company's stock, valued at $1,260,623.10. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 27,664 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 446,712 shares of the company's stock, valued at approximately $17,667,459.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,148 shares of company stock worth $1,945,960. Insiders own 0.84% of the company's stock.

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DAL Stock News Headlines

Is Boeing Stock is Ready for Lift-Off ? (DAL)
Aerospace giant Boeing (NYSE: BA) stock has rallied strong off its post-pandemic lows at $113.02 to cut its losses on the year to (-24%).
Can These Two Airline Stocks Overcome Gravity And Fly Higher?
Airlines as a group are hardly flying high, but American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) are participating in this week’s market rally.
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
Delta places order for 100 Boeing 737 aircraft
Delta is ordering 100 737 Max 10 airplanes, the largest of the line produced by Boeing, potentially giving the manufacturer additional momentum after a troubled rollout of its most advanced aircraft
Delta posts $735 million profit, sees strong revenue in Q3
The summer is off to a profitable start for Delta Air Lines
Wall Street opens lower after another hot inflation report
Stocks are falling on Wall Street after a highly anticipated report on inflation turned out to be even worse than expected
Release of latest US inflation data sends markets tumbling
Wall Street futures quickly turned from gains to losses Wednesday after the government reported that surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, likely sealing the case for another large interest rate hike by the Federal Reserve
US futures point to small gains ahead of US inflation data
Wall Street is pointing toward small gains ahead of the opening bell and the release of U.S. inflation data that could bring with it additional
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
Delta posts $735 million profit, sees strong revenue in 3Q
The summer is off to a profitable start for Delta Air Lines
Why Shares in Azul Soared Today
Wave of Solid Q2 Earnings Pushes Transport ETFs Higher
Schneider (SNDR) Stock Up 1.1% on Q2 Earnings Beat
Spirit-JetBlue Merger: What Travelers Need to Know
See More Headlines
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DAL Company Calendar

Last Earnings
7/13/2022
Today
8/09/2022
Next Earnings (Estimated)
10/12/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
CUSIP
24736170
Employees
83,000
Year Founded
1925

Price Target and Rating

Average Stock Price Forecast
$49.50
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+47.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$280 million
Pretax Margin
2.32%

Debt

Sales & Book Value

Annual Sales
$29.90 billion
Book Value
$6.07 per share

Miscellaneous

Free Float
635,812,000
Market Cap
$21.49 billion
Optionable
Optionable
Beta
1.20

Social Links


Key Executives














DAL Stock - Frequently Asked Questions

Should I buy or sell Delta Air Lines stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Delta Air Lines in the last twelve months. There are currently 4 hold ratings, 12 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 2022?

17 brokerages have issued 12 month target prices for Delta Air Lines' shares. Their DAL share price forecasts range from $35.00 to $70.00. On average, they expect the company's share price to reach $49.50 in the next year. This suggests a possible upside of 46.7% from the stock's current price.
View analysts price targets for DAL
or view top-rated stocks among Wall Street analysts.

How has Delta Air Lines' stock performed in 2022?

Delta Air Lines' stock was trading at $39.08 at the beginning of 2022. Since then, DAL stock has decreased by 13.6% and is now trading at $33.75.
View the best growth stocks for 2022 here
.

When is Delta Air Lines' next earnings date?

Delta Air Lines is scheduled to release its next quarterly earnings announcement on Wednesday, October 12th 2022.
View our DAL earnings forecast
.

How were Delta Air Lines' earnings last quarter?

Delta Air Lines, Inc. (NYSE:DAL) announced its quarterly 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. The transportation company earned $13.82 billion during the quarter, compared to analyst estimates of $13.40 billion. Delta Air Lines had a net margin of 1.43% and a trailing twelve-month return on equity of 14.26%. Delta Air Lines's quarterly revenue was up 93.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.07) EPS.
Read the conference call transcript
.

What guidance has Delta Air Lines issued on next quarter's earnings?

Delta Air Lines issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $12.69 billion-$13.19 billion, compared to the consensus revenue estimate of $13.28 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 variety of retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.37%), Bristol John W & Co. Inc. NY (0.33%), Simplex Trading LLC (0.00%), Artemis Investment Management LLP (0.18%), Hosking Partners LLP (0.17%) and DnB Asset Management AS (0.17%). Insiders that own company stock include Berkshire Hathaway Inc, David S Taylor, Edward H Bastian, Glen W Hauenstein, Greg Creed, Jeanne P Jackson, Joanne D Smith, Michael P Huerta, Paul A Jacobson, Rahul D Samant, Steven M Sear, W Gilbert West 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 $33.75.

How much money does Delta Air Lines make?

Delta Air Lines (NYSE:DAL) has a market capitalization of $21.64 billion and generates $29.90 billion in revenue each year. The transportation company earns $280 million in net income (profit) each year or $0.92 on an earnings per share basis.

How many employees does Delta Air Lines have?

Delta Air Lines employs 83,000 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

When was Delta Air Lines founded?

Delta Air Lines was founded in 1925.

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 8/9/2022 by MarketBeat.com Staff

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