Delta Air Lines, Inc. (NYSE:DAL) shares traded -1.24% lower at $51.58 on Wall Street last session.
DAL stock price is now 6.56% away from the 50-day moving average and 25.04% away from the 200-day moving average. The market capitalization of the company currently stands at $33.29B.
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With the price target of $59, UBS recently initiated with Buy rating for Delta Air Lines, Inc. (NYSE: DAL). On March 07, 2023, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $40 to quote $47, while ‘Redburn’ rates the stock as ‘Buy’
In other news, Smith Joanne D, EVP & Chief People Officer sold 4,846 shares of the company’s stock on May 08 ’24. The stock was sold for $253,422 at an average price of $52.30. Upon completion of the transaction, the EVP & Chief People Officer now directly owns 112,421 shares in the company, valued at $5.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Director Chiang Willie CW bought 10,000 shares of the business’s stock. A total of $494,955 was incurred on buying the stock at an average price of $49.50. This leaves the insider owning 10,000 shares of the company worth $0.52 million. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Delta Air Lines, Inc. has had a low of $30.60 and a high of $53.86. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 0.41, and a quick ratio of 0.36. According to the stock market information, the enterprise value for the company is $56013295616, which is based on a 6.62 price-to-earnings ratio, a 0.69 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for DAL is $48.4066 and a two-hundred day moving average price translates $41.24935 for the stock.
The latest earnings results from Delta Air Lines, Inc. (NYSE: DAL) was released for 2024-03-31. According to the Airlines Company, earnings per share came in at 2.68, beating analysts’ expectations of 2.4 by 0.28. This compares to -$0.57 EPS in the same period last year. The net profit margin was 8.48% and return on equity was 57.54% for DAL. The company reported revenue of $13.75 billion for the quarter, compared to $12.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.75 percent. For the current quarter, analysts expect DAL to generate $15.5B in revenue.
