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NYSE:DAL

Delta Air Lines - DAL Stock Forecast, Price & News

$33.13
-1.36 (-3.94%)
(As of 08/19/2022 01:58 PM ET)
Add
Compare
Today's Range
$33.06
$34.04
50-Day Range
$28.97
$35.34
52-Week Range
$28.09
$46.27
Volume
316,172 shs
Average Volume
9.48 million shs
Market Capitalization
$21.24 billion
P/E Ratio
36.01
Dividend Yield
N/A
Price Target
$49.50

Delta Air Lines MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
49.1% Upside
$49.50 Price Target
Short Interest
Healthy
2.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.50
Upright™ Environmental Score
News Sentiment
0.61mentions of Delta Air Lines in the last 14 days
Based on 15 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.

2.92 out of 5 stars

Transportation Sector

11th out of 123 stocks

Air Transportation, Scheduled Industry

1st out of 19 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.

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.

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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.
Brokerages Set Delta Air Lines, Inc. (NYSE:DAL) PT at $50.17
Delta Air Line Stock's Recent Rally Could Hit a Ceiling
Why Is Delta Airlines in Hot Water Over a Viral Tweet?
Delta Air Lines (NYSE:DAL) Research Coverage Started at Melius
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
See More Headlines
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DAL Company Calendar

Last Earnings
7/13/2022
Today
8/19/2022
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
+49.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
17 Analysts

Profitability

Net Income
$280 million
Pretax Margin
2.32%

Debt

Sales & Book Value

Annual Sales
$29.90 billion
Book Value
$5.94 per share

Miscellaneous

Free Float
635,812,000
Market Cap
$21.24 billion
Optionable
Optionable
Beta
1.20

Social Links


Key Executives

  • Mr. Edward H. BastianMr. Edward H. Bastian (Age 64)
    CEO & Director
    Comp: $4.11M
  • Mr. Glen W. HauensteinMr. Glen W. Hauenstein (Age 61)
    Pres
    Comp: $2.6M
  • Mr. Daniel Charles Janki (Age 53)
    Exec. VP & CFO
    Comp: $3.41M
  • Mr. William Charles Carroll (Age 64)
    Sr. VP, Controller & Principal Accounting Officer
    Comp: $1.91M
  • Mr. Peter W. Carter (Age 58)
    Exec. VP, Chief Legal Officer & Corp. Sec.
    Comp: $1.75M
  • Mr. Garrett L. Chase (Age 50)
    Sr. VP of Bus. Devel. & Financial Planning
    Comp: $1.9M
  • Mr. Alain M. Bellemare (Age 61)
    Exec. VP & Pres of International
    Comp: $3.03M
  • Mr. John E. Laughter (Age 51)
    Exec. VP, Chief of Operations & Principal Operating Officer
  • Mr. Don Mitacek (Age 59)
    Sr. VP of Technical Operations
  • Mr. Rahul  SamantMr. Rahul Samant (Age 55)
    Exec. VP & Chief Information Officer













DAL Stock - Frequently Asked Questions

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

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Delta Air Lines in the last twelve months. There are currently 3 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 price objectives for Delta Air Lines' stock. 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 43.5% 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 2022?

Delta Air Lines' stock was trading at $39.08 at the beginning of the year. Since then, DAL stock has decreased by 11.7% and is now trading at $34.49.
View the best growth stocks for 2022 here
.

Are investors shorting Delta Air Lines?

Delta Air Lines saw a decrease in short interest in July. As of July 31st, there was short interest totaling 18,330,000 shares, a decrease of 17.9% from the July 15th total of 22,330,000 shares. Based on an average trading volume of 13,930,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.9% of the shares of the company are sold short.
View Delta Air Lines' Short Interest
.

When is Delta Air Lines' next earnings date?

The company 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 data on Wednesday, July, 13th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by $0.27. The transportation company had revenue of $13.82 billion for 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%. The company's revenue was up 93.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.07) earnings per share.
Read the conference call transcript
.

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

Delta Air Lines updated 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 institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (3.32%), State Street Corp (3.30%), FMR LLC (2.20%), Northern Trust Corp (0.81%), Citadel Advisors LLC (0.00%) and Millennium Management LLC (0.00%). 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 $34.49.

How much money does Delta Air Lines make?

Delta Air Lines (NYSE:DAL) has a market capitalization of $22.11 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?

The company 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 8/19/2022 by MarketBeat.com Staff

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