Delta Air Lines, Inc. (NYSE:DAL) Stock Has Risen 8.98% YTD, What Do Analysts Anticipate Next?

In recent trading session, Delta Air Lines, Inc. (NYSE:DAL) saw 2.14 million shares changing hands at last check today with its beta currently measuring 1.38. Company’s recent per share price level of $35.81 trading at $0.3 or 0.84% at last check today assigns it a market valuation of $23.04B. That most recent trading price of DAL’s stock is at a discount of -39.1% from its 52-week high price of $49.81 and is indicating a premium of 14.55% from its 52-week low price of $30.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.77 million shares which gives us an average trading volume of 9.29 million if we extend that period to 3-months.

For Delta Air Lines, Inc. (DAL), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.22. Splitting up the data highlights that, out of 23 analysts covering the stock, 0 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 19 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.14 in the current quarter.

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

Upright in the green today for gaining 0.84%, in the last five days DAL remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $35.81 price level, adding 1.78% to its value on the day. Delta Air Lines, Inc.’s shares saw a change of 8.98% in year-to-date performance and have moved 5.14% in past 5-day. Delta Air Lines, Inc. (NYSE:DAL) showed a performance of 9.48% in past 30-days. Number of shares sold short was 14.78 million shares which calculate 1.26 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $52.30 to the stock, which implies a rise of 31.53% to its recent value today. Analysts have been projecting $43.00 as a low price target for the stock while placing it at a high target of $77.00. It follows that stock’s current price would drop -115.02% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.08% for stock’s current value.

Delta Air Lines, Inc. (DAL) estimates and forecasts

Statistics highlight that Delta Air Lines, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 0.62% of value to its shares in past 6 months, showing an annual growth rate of 90.63% while that of industry is -7.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -23.00% in the current quarter and calculating 44.00% increase in the next quarter. This year revenue growth is estimated to rise 19.80% from the last financial year’s standing.

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $13.56 billion for the same. And 3 analysts are in estimates of company making revenue of $12.2 billion in the next quarter that will end on Mar 2024. Company posted $12.29 billion and $11.84 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 10.30% while estimating it to be 3.00% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -14.23% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 91.13% while estimates for its earnings growth in next 5 years are of 32.62%.

DAL Dividends

Delta Air Lines, Inc. is more likely to be releasing its next quarterly report between January 11 and January 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 0.34% of company’s total shares while institution are holding 69.87 percent of that, with stock having share float percentage of 70.10%. Investors also watch the number of corporate investors in a company very closely, which is 69.87% institutions for Delta Air Lines, Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at DAL for having 72.47 million shares of worth $3.45 billion. And as of Jun 29, 2023, it was holding 11.26% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 39.89 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.20% of outstanding shares, having a total worth of $1.9 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 20.11 million shares of worth $956.03 million or 3.13% of the total outstanding shares. The later fund manager was in possession of 15.73 million shares on Jun 29, 2023, making its stake of worth around $747.66 million in the company or a holder of 2.44% of company’s stock.

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