Analyst Expect Big Moves From Delta Air Lines, Inc. (NYSE: DAL)

Currently, there are 643.45M common shares owned by the public and among those 640.67M shares have been available to trade.

The company’s stock has a 5-day price change of 1.78% and 2.36% over the past three months. DAL shares are trading 7.98% year to date (YTD), with the 12-month market performance up to 28.86% higher. It has a 12-month low price of $30.60 and touched a high of $49.81 over the same period. DAL has an average intraday trading volume of 9.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.25%, 6.87%, and 8.02% respectively.

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Institutional ownership of Delta Air Lines, Inc. (NYSE: DAL) shares accounts for 70.09% of the company’s 643.45M shares outstanding.

It has a market capitalization of $27.95B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 6.07, while the earnings-per-share (ttm) stands at $7.16. The company has a PEG of 0.30 and a Quick Ratio of 0.34 with the debt-to-equity ratio at 2.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 2.17% over the month.

Analysts forecast that Delta Air Lines, Inc. (DAL) will achieve an EPS of $0.35 for the current quarter, $2.31 for the next quarter and $7.51 for 2025. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.45. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 3.46%, and 15.97% over the next financial year. EPS should grow at an annualized rate of 20.12% over the next five years, compared to 4.80% over the past 5-year period.

Looking at the support for the DAL, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on March 07, 2023, with the firm’s price target at $40-$47. Redburn coverage for the Delta Air Lines, Inc. (DAL) stock in a research note released on February 08, 2023 offered a Buy rating with a price target of $55. Argus was of a view on January 05, 2023 that the stock is Buy, while Goldman gave the stock Buy rating on December 16, 2022, issuing a price target of $40. Evercore ISI on their part issued In-line rating on December 15, 2022.

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