The stock of Delta Air Lines, Inc. (NYSE:DAL) last traded at $43.00, down -1.42% from the previous session.
DAL stock price is now -13.97% away from the 50-day moving average and 1.12% away from the 200-day moving average. The market capitalization of the company currently stands at $27.75B.
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With the price target enhanced from $55 to $61, TD Cowen maintained Buy rating for Delta Air Lines, Inc. (NYSE: DAL). On March 20, 2024, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $59, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Chiang Willie CW, Director bought 10,000 shares of the company’s stock on Jul 12 ’24. The stock was bought for $438,967 at an average price of $43.90. Upon completion of the transaction, the Director now directly owns 20,000 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, EVP & Chief People Officer Smith Joanne D sold 4,846 shares of the business’s stock. A total of $253,422 was realized by selling the stock at an average price of $52.30. This leaves the insider owning 112,421 shares of the company worth $4.83 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 2.00, a current ratio of 0.40, and a quick ratio of 0.35. According to the stock market information, the enterprise value for the company is $49648443392, which is based on a 6.18 price-to-earnings ratio, a 0.71 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for DAL is $49.9826 and a two-hundred day moving average price translates $42.5242 for the stock.
The latest earnings results from Delta Air Lines, Inc. (NYSE: DAL) was released for 2024-06-30. The net profit margin was 7.46% and return on equity was 43.81% for DAL. The company reported revenue of $16.66 billion for the quarter, compared to $15.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.93 percent.
