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Delta Air Lines Inc. (NYSE: DAL) In 2023: Is This Company Worth Thinking About Investing In?

In today’s recent session, 4.55 million shares of the Delta Air Lines Inc. (NYSE:DAL) have been traded, and its beta is 1.24. Most recently the company’s share price was $36.63, and it changed around $1.17 or 3.31% from the last close, which brings the market valuation of the company to $22.98B. DAL at last check was trading at a discount to its 52-week high of $42.45, offering almost -15.89% off that amount. The share price’s 52-week low was $27.20, which indicates that the recent value has risen by an impressive 25.74% since then. We note from Delta Air Lines Inc.’s average daily trading volume that its 10-day average is 9.24 million shares, with the 3-month average coming to 10.45 million.

Delta Air Lines Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended DAL as a Hold, whereas 19 deemed it a Buy, and 0 rated it as Underweight. Delta Air Lines Inc. is expected to report earnings per share of $2.1 for the current quarter.

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Delta Air Lines Inc. (NYSE:DAL) trade information

Instantly DAL has been showing a green trend so far today with a performance of 3.31% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 36.59 on Monday, 05/22/23 decreased the stock’s daily price by -0.11%. The company’s shares are currently up 11.49% year-to-date, but still up 8.32% over the last five days. On the other hand, Delta Air Lines Inc. (NYSE:DAL) is 7.37% up in the 30-day period. We can see from the shorts that 25.77 million shares have been sold at a short interest cover period of 2.22 day(s).

The consensus price target as assigned by Wall Street analysts is $50.94, which translates to bulls needing to increase their stock price by 28.09% from its current value. Analyst projections state that DAL is forecast to be at a low of $38.00 and a high of $70.00. In order for the stock price to hit the forecast high, the stock would need to plunge -91.1% from its current level, while the stock would need to crash -3.74% from its current level to reach the projected low.

Delta Air Lines Inc. (DAL) estimates and forecasts

Delta Air Lines Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 6.28 percent over the past six months and at a 68.75% annual growth rate that is well above the industry average of 28.40%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 45.80% in revenue this quarter, and will report an increase of 24.50% in the next quarter. The year-over-year growth rate is expected to be 17.80%, up from the previous year.

Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $14.31 billion in revenue for the current quarter. 10 analysts expect Delta Air Lines Inc. to make $14.49 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $12.31 billion and $12.87 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.20%. Forecasts for the next quarter put sales growth at 12.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.20%. Delta Air Lines Inc. earnings are expected to increase by 370.70% in 2023, but the outlook is positive 34.27% per year for the next five years.

DAL Dividends

Delta Air Lines Inc.’s next quarterly earnings report is expected to be released around July 11 and July 17.

Delta Air Lines Inc. (NYSE:DAL)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.32% of Delta Air Lines Inc. shares, and 68.93% of them are in the hands of institutional investors. The stock currently has a share float of 69.15%. Delta Air Lines Inc. stock is held by 1,275 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 11.41% of the shares, which is about 73.34 million shares worth $2.56 billion.

Blackrock Inc., with 5.97% or 38.37 million shares worth $1.34 billion as of Mar 30, 2023, 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, 2022. The former held 19.48 million shares worth $640.12 million, making up 3.03% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 14.94 million shares worth around $490.99 million, which represents about 2.32% of the total shares outstanding.

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