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.

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.