Delta Air Lines, Inc. (NYSE:DAL) has a beta value of 1.44 and has seen 6,596,805 shares traded in the recent trading session. The company, currently valued at $28.39 Billion, closed the recent trade at $44.44 per share which meant it lost -$2.13 on the day or -4.58% during that session. The DAL stock price is -17.64% off its 52-week high price of $52.28 and 60.6% above the 52-week low of $17.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.91 Million shares traded. The 3-month trading volume is 13.31 Million shares.
The consensus among analysts is that Delta Air Lines, Inc. (DAL) is an Overweight stock at the moment, with a recommendation rating of 2.4. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 10 out of 21 have rated it as a Hold, with 9 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$1.43.
Delta Air Lines, Inc. (NYSE:DAL) trade information
Despite being -4.58% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the DAL stock price touched $47.23- or saw a rise of 6%. Year-to-date, Delta Air Lines, Inc. shares have moved 10.41%, while the 5-day performance has seen it change -4.2%. Over the past 30 days, the shares of Delta Air Lines, Inc. (NYSE:DAL) have changed -9.08%. Short interest in the company has seen 14.82 Million shares shorted with days to cover at 1.11.
Wall Street analysts have a consensus price target for the stock at $55.28, which means that the shares’ value could jump 24.39% from the levels at last check today. The projected low price target is $35 while the price target rests at a high of $72. In that case, then, we find that the latest price level in today’s session is +62.02% off the targeted high while a plunge would see the stock lose -21.24% from the levels at last check today.
Delta Air Lines, Inc. (DAL) estimates and forecasts
Figures show that Delta Air Lines, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +51.4% over the past 6 months, with this year growth rate of 66.45%, compared to 39.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 67.7% and 106.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +59%.
12 analysts offering their estimates for the company have set an average revenue estimate of $6.22 Billion for the current quarter. 12 have an estimated revenue figure of $8.12 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $1.47 Billion and $3.11 Billion respectively for this quarter and the next, and analysts expect sales will grow by 324% for the current quarter and 160.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -40.4% over the past 5 years. Earnings growth for 2021 is a modest -366.8%.
Delta Air Lines, Inc. (NYSE:DAL)’s Major holders
Insiders own 0.32% of the company shares, while shares held by institutions stand at 64.58% with a share float percentage of 64.79%. Investors are also buoyed by the number of investors in a company, with Delta Air Lines, Inc. having a total of 1286 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 65.2 Million shares worth more than $2.62 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 10.19% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 35.68 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.43 Billion and represent 5.58% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 2.81% shares in the company for having 17999067 shares of worth $723.74 Million while later fund manager owns 14.41 Million shares of worth $579.26 Million as of December 30, 2020, which makes it owner of about 2.25% of company’s outstanding stock.