In the last trading session, 14,652,463 shares of the Delta Air Lines, Inc. (NYSE:DAL) were traded, and its beta was 1.51. Most recently the company’s share price was $51.65, and it changed around $1.4 or 0.03% from the last close, which brings the market valuation of the company to $32.96 Billion. DAL currently trades at a discount to its 52-week high of $52.28, offering almost -1.22% off that amount. The share price’s 52-week low was $17.51, which indicates that the current value has risen by an impressive 66.1% since then. We note from Delta Air Lines, Inc.’s average daily trading volume that its 10-day average is 9.91 Million shares, with the 3-month average coming to 13.31 Million.
Delta Air Lines, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.4. If we narrow it down even further, the data shows that 1 out of 21 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 10 recommended DAL as a Hold, whereas 9 deemed it a Buy, and no one rated it as Underweight. Delta Air Lines, Inc. is expected to report earnings per share of -$2.8 for the current quarter.
Delta Air Lines, Inc. (NYSE:DAL): Trading Information
Instantly DAL has showed a green trend with a performance of 2.79% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $51.81 on Tuesday, Apr 06 increased the stock’s daily price by 0.31%. The company’s shares are currently up 0.28% year-to-date, but still up 0.0915 over the last five days. On the other hand, Delta Air Lines, Inc. (NYSE:DAL) is 0.12% up in the 30-day period. We can see from the shorts that 11.58 Million shares have been sold at a short interest cover period of 0.87 day (s).
The consensus price target as assigned by Wall Street analysts is $52.06, which translates to bears needing to increase their stock price by 0.79% from its current value. Analyst projections state that DAL is forecast to be at a low of $35 and a high of $72. In order for the stock price to hit the forecast high, the stock would need to surge +39.4% from its current level, while the stock would need to crash -32.24% from its current level to reach the projected low.
Delta Air Lines, Inc. (DAL) projections and forecasts
Delta Air Lines, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +62.68 percent over the past six months and at a -77.97% annual growth rate that is well below the industry average of 48.6%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -449% in revenue this quarter, and will report an increase of 77.7% in the next quarter. The year-over-year growth rate is expected to be 51.8%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $4.03 Billion in revenue for the current quarter. 11 analysts expect Delta Air Lines, Inc. to make $6.12 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $8.59 Billion and $1.47 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -53.1%. Forecasts for the next quarter put sales growth at 316.6%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -40.4%. Delta Air Lines, Inc. earnings are expected to decrease by -366.8% in 2021, but the outlook is negative 0% per year for the next five years.
Delta Air Lines, Inc. (NYSE:DAL)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.32% of Delta Air Lines, Inc. shares, and 64.45% of them are in the hands of institutional investors. The stock currently has a share float of 64.66%. Delta Air Lines, Inc. stock is held by 1264 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 10.22% of the shares, which is about 65.2 Million shares worth $2.62 Billion.
Blackrock Inc., with 5.59% or 35.68 Million shares worth $1.43 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 17999067 shares worth $723.74 Million, making up 2.82% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 14.41 Million shares worth around $579.26 Million, which represents about 2.26% of the total shares outstanding.