Delta Air Lines, Inc. (NYSE:DAL) shares traded 3.54% higher at $57.34 on Wall Street last session.
DAL stock price is now 19.66% away from the 50-day moving average and 24.82% away from the 200-day moving average. The market capitalization of the company currently stands at $37.00B.
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With the price target reduced from $61 to $59, TD Cowen maintained Buy rating for Delta Air Lines, Inc. (NYSE: DAL). On July 02, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $55 to quote $61, while ‘UBS’ rates the stock as ‘Buy’
In other news, Bastian Edward H, Chief Executive Officer sold 68,000 shares of the company’s stock on Oct 28 ’24. The stock was sold for $3,830,508 at an average price of $56.33. Upon completion of the transaction, the Chief Executive Officer now directly owns 439,819 shares in the company, valued at $25.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Officer Bastian Edward H bought 68,000 shares of the business’s stock. A total of $3,830,492 was incurred on buying the stock at an average price of $56.33. 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 $30.76 and a high of $56.64. As of last week, the company has a debt-to-equity ratio of 1.79, a current ratio of 0.39, and a quick ratio of 0.34. According to the stock market information, the enterprise value for the company is $58272514048, which is based on a 7.96 price-to-earnings ratio, a 0.93 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for DAL is $47.9182 and a two-hundred day moving average price translates $45.9379 for the stock.
The latest earnings results from Delta Air Lines, Inc. (NYSE: DAL) was released for 2024-09-30. The net profit margin was 7.71% and return on equity was 40.67% for DAL. The company reported revenue of $15.68 billion for the quarter, compared to $15.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.22 percent.
