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These Numbers Show Favorable Signs for Delta Air Lines Inc. (DAL)

Delta Air Lines Inc. (NYSE: DAL) is 18.93% higher on its value in year-to-date trading and has touched a low of $27.20 and a high of $46.27 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 $39.03 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $45.00 for the next 12 months. It is also 51.75% off the consensus price target high of $81.00 offered by 21 analysts, but current levels are 2.3% higher than the price target low of $40.00 for the same period.

Currently trading at $39.08, the stock is 9.57% and 12.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.45 million and changing 0.13% at the moment leaves the stock 13.46% off its SMA200. DAL registered 0.62% gain for a year compared to 6-month gain of 24.66%.

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The stock witnessed a 18.78% loss in the last 1 month and extending the period to 3 months gives it a 21.56%, and is 2.30% 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 2.46% over the week and 3.05% over the month.

Delta Air Lines Inc. (DAL) has around 83000 employees, a market worth around $24.62B and $50.58B in sales. Current P/E ratio is 19.09 and Fwd P/E is 5.65. Profit margin for the company is 1.20%. Distance from 52-week low is 43.68% and -15.54% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).

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 “Buy”. 21 analysts offering their recommendations for the stock have an average rating of 1.70, where 2 rate it as a Hold and 3 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Delta Air Lines Inc. is expected to release its quarterly report on 04/13/2023.The EPS is expected to grow by 102.20% this year.

Delta Air Lines Inc. (DAL) Top Institutional Holders

The shares outstanding are 641.19M, and float is at 638.96M with Short Float at 3.06%.

Delta Air Lines Inc. (DAL) Insider Activity

A total of 3 insider transactions have happened at Delta Air Lines Inc. (DAL) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider purchase by BLAKE FRANCIS S,the company’sDirector. SEC filings show that BLAKE FRANCIS S bought 12,880 shares of the company’s common stock on Jan 18 at a price of $38.58 per share for a total of $0.5 million. Following the purchase, the insider now owns 93795.0 shares.

Delta Air Lines Inc. disclosed in a document filed with the SEC on Jan 17 that Carroll William C (SVP, Fin & Controller) sold a total of 15,529 shares of the company’s common stock. The trade occurred on Jan 17 and was made at $38.20 per share for $0.59 million. Following the transaction, the insider now directly holds 16780.0 shares of the DAL stock.

Still, SEC filings show that on Oct 28, Smith Joanne D (EVP & Chief People Officer) disposed off 2,000 shares at an average price of $34.19 for $68380.0. The insider now directly holds 111,153 shares of Delta Air Lines Inc. (DAL).

Delta Air Lines Inc. (DAL): Who are the competitors?

The company’s main competitors (and peers) include Southwest Airlines Co. (LUV) that is trading -17.25% down over the past 12 months and United Airlines Holdings Inc. (UAL) that is 14.93% higher over the same period. American Airlines Group Inc. (AAL) is -3.52% down on the 1-year trading charts.

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