Delta Air Lines Inc. (DAL) 2021 Stock Forecast: Bullish Outlook with 21.26% Upside

Delta Air Lines Inc. (NYSE: DAL) is 13.58% higher on its value in year-to-date trading and has touched a low of $17.51 and a high of $58.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DAL stock was last observed hovering at around $44.38 in the last trading session, with the day’s gains setting it 1.29% off its average median price target of $47.50 for the next 12 months. It is also 21.26% off the consensus price target high of $58.00 offered by 23 analysts, but current levels are -30.49% lower than the price target low of $35.00 for the same period.

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Currently trading at $45.67, the stock is 11.12% and 11.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.59 million and changing 2.91% at the moment leaves the stock 39.68% off its SMA200. DAL registered -21.77% loss for a year compared to 6-month gain of 65.05%. The firm has a 50-day simple moving average (SMA 50) of $40.91 and a 200-day simple moving average (SMA200) of $35.74.

The stock witnessed a 9.73% loss in the last 1 month and extending the period to 3 months gives it a 21.46%, and is 6.91% up 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 2.93% over the week and 2.93% over the month.

Delta Air Lines Inc. (DAL) has around 74000 employees, a market worth around $28.32B and $17.10B in sales. Fwd P/E is 12.09. Profit margin for the company is -72.40%. Distance from 52-week low is 160.82% and -22.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.20%).

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 11 rate it as a Hold and 1 think it is a “Overweight”. 10 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 -$2.69 with sales reaching $4.06B over the same period.The EPS is expected to shrink by -366.80% this year, but quarterly earnings will post 50.30% year-over-year. Quarterly sales are estimated to shrink -52.70% 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 2.21M shares held by insiders accounting for 0.35% while institutional investors hold 61.58% of the company’s shares. The shares outstanding are 636.00M, and float is at 633.20M with Short Float at 2.12%. 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 Dec 30, 2020, the second largest holder is Blackrock Inc. with 35.68 million shares valued at $1.43 billion to account for 5.60% of the shares outstanding. The other top investors are Primecap Management Company which holds 22.74 million shares representing 3.57% and valued at over $914.5 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

A total of 61 insider transactions have happened at Delta Air Lines Inc. (DAL) in the last six months, with sales accounting for 43 and purchases happening 18 times. The most recent transaction is an insider sale by Samant Rahul D, the company’s EVP & Chief Info Officer. SEC filings show that Samant Rahul D sold 11,806 shares of the company’s common stock on Feb 11 at a price of $42.81 per share for a total of $0.51 million. Following the sale, the insider now owns 78258.0 shares.

Delta Air Lines Inc. disclosed in a document filed with the SEC on Feb 02 that Carroll William C (Int Co-CFO & SVP, Fin & Cntlr) sold a total of 2,689 shares of the company’s common stock. The trade occurred on Feb 02 and was made at $38.55 per share for $0.1 million. Following the transaction, the insider now directly holds 19481.0 shares of the DAL stock.

Still, SEC filings show that on Nov 09, Jacobson Paul A (EVP & CFO) disposed off 125,000 shares at an average price of $35.84 for $4.48 million. The insider now directly holds 303,478 shares of Delta Air Lines Inc. (DAL).

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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 -4.71% down over the past 12 months. Hawaiian Holdings Inc. (HA) is -8.51% down on the 1-year trading charts. Short interest in the company’s stock has fallen -0.45% from the last report on Dec 30, 2020 to stand at a total of 13.46 million short shares sold with a short interest ratio of 1.06.

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