Stocks of Delta Air Lines, Inc (NYSE:DAL) traded higher last session on Wall Street, down -1.20% to $64.07.
DAL stock price is now 20.75% away from the 50-day moving average and 35.17% away from the 200-day moving average. The market capitalization of the company currently stands at $40.85B.
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On November 12, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $59 to quote $75, while the TD Cowen previously rated the stock as ‘Buy’ on July 17, 2024.
In other news, Carroll William C, SVP, Fin & Controller sold 21,530 shares of the company’s stock on Nov 08 ’24. The stock was sold for $1,305,256 at an average price of $60.62. Upon completion of the transaction, the SVP, Fin & Controller now directly owns 19,756 shares in the company, valued at $1.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, EVP & Chief Info Officer Samant Rahul D sold 18,600 shares of the business’s stock. A total of $1,155,711 was realized by selling the stock at an average price of $62.13. This leaves the insider owning 45,563 shares of the company worth $2.92 million. A total of 0.33% of the company’s stock is owned by insiders.
During the past 12 months, Delta Air Lines, Inc has had a low of $35.28 and a high of $66.25. 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 $62587215872, which is based on a 8.90 price-to-earnings ratio, a 1.04 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for DAL is $53.0584 and a two-hundred day moving average price translates $47.4007 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.
