Delta Air Lines, Inc. (DAL): Street Finally Waking Up

Currently, there are 643.45M common shares owned by the public and among those 642.93M shares have been available to trade.

The company’s stock has a 5-day price change of 0.51% and 28.11% over the past three months. DAL shares are trading 37.66% year to date (YTD), with the 12-month market performance up to 75.25% higher. It has a 12-month low price of $30.60 and touched a high of $56.48 over the same period. DAL has an average intraday trading volume of 8.74 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 5.50%, 16.39%, and 20.80% respectively.

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Institutional ownership of Delta Air Lines, Inc. (NYSE: DAL) shares accounts for 77.27% of the company’s 643.45M shares outstanding.

It has a market capitalization of $35.74B and a beta (3y monthly) value of 1.36. The stock’s trailing 12-month PE ratio is 7.69, while the earnings-per-share (ttm) stands at $7.20. The company has a PEG of 0.90 and a Quick Ratio of 0.34 with the debt-to-equity ratio at 1.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.29% over the week and 2.93% over the month.

Earnings per share for the fiscal year are expected to decrease by -2.37%, and 19.47% over the next financial year. EPS should grow at an annualized rate of 8.57% 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. TD Cowen stated their Buy rating for the stock in a research note on July 17, 2024, with the firm’s price target at $61-$59. TD Cowen coverage for the Delta Air Lines, Inc. (DAL) stock in a research note released on July 02, 2024 offered a Buy rating with a price target of $61. UBS was of a view on March 20, 2024 that the stock is Buy, while Evercore ISI gave the stock Outperform rating on March 07, 2023, issuing a price target of $40- $47. Redburn on their part issued Buy rating on February 08, 2023.

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