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NYSE:DAL

Delta Air Lines - DAL Stock Forecast, Price & News

$33.96
+0.03 (+0.09%)
(As of 08/11/2022 04:35 PM ET)
Add
Compare
Today's Range
$33.85
$34.79
50-Day Range
$28.97
$39.99
52-Week Range
$28.09
$46.27
Volume
7.53 million shs
Average Volume
14.79 million shs
Market Capitalization
$21.78 billion
P/E Ratio
36.91
Dividend Yield
N/A
Price Target
$49.50

Delta Air Lines MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
45.8% 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
0.75mentions of Delta Air Lines in the last 14 days
Based on 5 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.

3.04 out of 5 stars

Transportation Sector

9th out of 124 stocks

Air Transportation, Scheduled Industry

1st 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 Trading Up 0.1 %

Shares of DAL Stock traded up $0.03 during trading on Thursday, hitting $33.96. 7,532,147 shares of the stock traded hands, compared to its average volume of 14,794,710. The firm has a market capitalization of $21.78 billion, a P/E ratio of 36.89 and a beta of 1.20. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.66 and a quick ratio of 0.59. The firm's fifty day moving average price is $32.05 and its 200-day moving average price is $36.95. Delta Air Lines has a 52-week low of $28.09 and a 52-week high of $46.27.

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 analysts' expectations of $13.40 billion. Delta Air Lines had a net margin of 1.43% and a return on equity of 14.26%. The firm's quarterly revenue was up 93.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.07) EPS. As a group, research analysts forecast that Delta Air Lines will post 2.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DAL. Berenberg Bank reduced their target price on Delta Air Lines from $54.00 to $48.50 in a research note on Wednesday, July 20th. Bank of America lifted their price objective on Delta Air Lines from $47.00 to $50.00 in a research note on Thursday, April 14th. Morgan Stanley raised their target price on Delta Air Lines from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, April 14th. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $69.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, April 22nd. Finally, The Goldman Sachs Group lifted their price objective on Delta Air Lines from $44.00 to $45.00 in a report on Wednesday, June 1st. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $49.50.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 27,664 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $39.55, for a total value of $1,094,111.20. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. In other Delta Air Lines 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 value of $1,094,111.20. Following the completion of the transaction, the chief executive officer now owns 446,712 shares in the company, valued at $17,667,459.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Taylor purchased 10,000 shares of the company's stock in a transaction on Thursday, July 14th. The stock was acquired at an average price of $29.31 per share, with a total value of $293,100.00. Following the purchase, the director now owns 43,010 shares of the company's stock, valued at $1,260,623.10. The disclosure for this purchase can be found here. Insiders have sold a total of 48,148 shares of company stock valued at $1,945,960 over the last quarter. 0.84% of the stock is owned by company 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.
Retirees Face “Income Destruction”
On September 13, the Government is going to make an announcement that could radically alter your retirement. Certain stocks and cryptocurrencies could drop by 80%. Here's how to protect yourself. pixel
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
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
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
8/11/2022
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
+45.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
16 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
$21.78 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?

16 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, 12 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?

16 brokerages have issued 12-month price targets for Delta Air Lines' shares. Their DAL share price forecasts range from $35.00 to $70.00. On average, they predict the company's share price to reach $49.50 in the next year. This suggests a possible upside of 44.2% 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 2022. Since then, DAL stock has decreased by 12.2% and is now trading at $34.33.
View the best growth stocks for 2022 here
.

Are investors shorting Delta Air Lines?

Delta Air Lines saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 18,330,000 shares, a drop of 17.9% from the July 15th total of 22,330,000 shares. Based on an average daily volume of 13,930,000 shares, the short-interest ratio is presently 1.3 days. Approximately 2.9% of the company's stock 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) released its quarterly earnings results 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. The transportation company earned $13.82 billion during the quarter, compared to analysts' expectations of $13.40 billion. Delta Air Lines had a trailing twelve-month return on equity of 14.26% and a net margin of 1.43%. The firm's revenue for the quarter was up 93.9% compared to the same quarter last year. During the same period last year, the business earned ($1.07) EPS.
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 (EPS) 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 many different retail and institutional investors. Top institutional shareholders include GMT Capital Corp (0.46%), Douglas Lane & Associates LLC (0.37%), Bristol John W & Co. Inc. NY (0.33%), Simplex Trading LLC (0.00%), Bank of Montreal Can (0.00%) and UBS Group AG (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 $34.33.

How much money does Delta Air Lines make?

Delta Air Lines (NYSE:DAL) has a market capitalization of $22.01 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 8/11/2022 by MarketBeat.com Staff

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