Delta Air Lines Inc. (NYSE: DAL) is -1.64% lower on its value in year-to-date trading and has touched a low of $17.51 and a high of $62.48 in the current 52-week trading range. The DAL stock was last observed hovering at around $38.73 in the last trading session, with the day’s gains setting it 0.82% off its average median price target of $45.00 for the next 12 months. It is also 28.09% off the consensus price target high of $55.00 offered by 23 analysts, but current levels are -31.83% lower than the price target low of $30.00 for the same period.
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Currently trading at $39.55, the stock is -3.27% and 4.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.15 million and changing 2.12% at the moment leaves the stock 31.08% off its SMA200. DAL registered -31.41% loss for a year compared to 6-month gain of 46.43%. The firm has a 50-day simple moving average (SMA 50) of $40.39 and a 200-day simple moving average (SMA200) of $32.40.
The stock witnessed a -7.92% loss in the last 1 month and extending the period to 3 months gives it a 23.59%, and is -1.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.37% over the week and 3.23% over the month.
Delta Air Lines Inc. (DAL) has around 91224 employees, a market worth around $25.44B and $24.56B in sales. Profit margin for the company is -42.90%. Distance from 52-week low is 125.87% and -36.70% from its 52-week high. The company has generated returns on investments over the last 12 months (19.60%).
Delta Air Lines Inc. (DAL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Delta Air Lines Inc. (DAL) is a “Overweight”. 23 analysts offering their recommendations for the stock have an average rating of 2.40, where 10 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Delta Air Lines Inc. is expected to release its quarterly report on 04/15/2021 and quarterly earnings per share for the current quarter are estimated at -$2.42 with sales reaching $3.7B over the same period.The EPS is expected to grow by 28.70% this year, but quarterly earnings will post -64.20% year-over-year. Quarterly sales are estimated to shrink -67.70% in year-over-year returns.
Delta Air Lines Inc. (DAL) Top Institutional Holders
1,118 institutions hold shares in Delta Air Lines Inc. (DAL), with 2.2M shares held by insiders accounting for 0.35% while institutional investors hold 61.58% of the company’s shares. The shares outstanding are 635.00M, and float is at 632.88M with Short Float at 1.95%. Institutions hold 61.37% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 66.38 million shares valued at $2.03 billion. The investor’s holdings represent 10.41% of the DAL Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 35.68 million shares valued at $1.09 billion to account for 5.60% of the shares outstanding. The other top investors are Primecap Management Company which holds 23.12 million shares representing 3.63% and valued at over $707.03 million, while State Street Corporation holds 3.38% of the shares totaling 21.55 million with a market value of $658.96 million.
Delta Air Lines Inc. (DAL) Insider Activity
The most recent transaction is an insider sale by Jacobson Paul A, the company’s EVP & CFO. SEC filings show that Jacobson Paul A sold 125,000 shares of the company’s common stock on Nov 09 at a price of $35.84 per share for a total of $4.48 million. Following the sale, the insider now owns 0.3 million shares.
Delta Air Lines Inc. disclosed in a document filed with the SEC on Nov 09 that Smith Joanne D (EVP & Chief People Officer) sold a total of 13,532 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $36.81 per share for $0.5 million. Following the transaction, the insider now directly holds 0.1 million shares of the DAL stock.
Still, SEC filings show that on Nov 09, HAUENSTEIN GLEN W (President) disposed off 51,955 shares at an average price of $36.90 for $1.92 million. The insider now directly holds 264,393 shares of Delta Air Lines Inc. (DAL).
Delta Air Lines Inc. (DAL): Who are the competitors?
The company’s main competitors (and peers) include Alaska Air Group Inc. (ALK) that is trading -25.14% down over the past 12 months. Hawaiian Holdings Inc. (HA) is -38.03% down on the 1-year trading charts. Short interest in the company’s stock has risen 16.92% from the last report on Nov 12, 2020 to stand at a total of 10.26 million short shares sold with a short interest ratio of 0.79.