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 1.6 %

Shares of DAL opened at $34.50 on Friday. The stock has a market capitalization of $22.12 billion, a P/E ratio of 37.50 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 6.01. The firm has a fifty day simple moving average of $31.85 and a two-hundred day simple moving average of $36.89. Delta Air Lines has a twelve month low of $28.09 and a twelve month high of $46.27.

Delta Air Lines (NYSE:DAL - Get Rating) last announced its quarterly earnings results on Wednesday, July 13th. The transportation company reported $1.44 earnings per share 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 company's quarterly revenue was up 93.9% on a year-over-year basis. During the same period in the previous year, the company earned ($1.07) EPS. On average, research analysts anticipate that Delta Air Lines will post 2.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DAL. UBS Group raised shares of Delta Air Lines from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $53.00 in a research report on Monday, April 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Delta Air Lines from $55.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, July 14th. Raymond James reaffirmed a "strong-buy" rating and issued a $50.00 price objective (down from $53.00) on shares of Delta Air Lines in a research report on Thursday, June 23rd. Berenberg Bank reduced their price objective on shares of Delta Air Lines from $54.00 to $48.50 in a research report on Wednesday, July 20th. Finally, Argus cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.50.

Insider Buying and Selling at Delta Air Lines

In related news, Director David S. Taylor bought 10,000 shares of the company's stock in a transaction dated Thursday, July 14th. The stock was purchased at an average cost of $29.31 per share, with a total value of $293,100.00. Following the transaction, the director now owns 43,010 shares in the company, valued at approximately $1,260,623.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Edward H. Bastian sold 27,664 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 446,712 shares in the company, valued at $17,667,459.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David S. Taylor bought 10,000 shares of the stock in a transaction dated Thursday, July 14th. The stock was bought at an average cost of $29.31 per share, for a total transaction of $293,100.00. Following the acquisition, the director now directly owns 43,010 shares of the company's stock, valued at approximately $1,260,623.10. The disclosure for this purchase can be found here. Insiders sold 48,148 shares of company stock valued at $1,945,960 in the last quarter. Company insiders own 0.84% of the company's stock.