Delta Air Lines, Inc. (NYSE:DAL) has a beta value of 1.36 and has seen 9.51 million shares traded in the last trading session. The company, currently valued at $34.32B, closed the last trade at $53.18 per share which meant it gained $1.85 on the day or 3.60% during that session. The DAL stock price is -1.28% off its 52-week high price of $53.86 and 42.46% above the 52-week low of $30.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.65 million shares traded. The 3-month trading volume is 9.17 million shares.
The consensus among analysts is that Delta Air Lines, Inc. (DAL) is Buy stock at the moment, with a recommendation rating of 1.36. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 19 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.76.
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Delta Air Lines, Inc. (NYSE:DAL) trade information
Sporting 3.60% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DAL stock price touched $53.18 or saw a rise of 0.36%. Year-to-date, Delta Air Lines, Inc. shares have moved 32.19%, while the 5-day performance has seen it change 7.50%. Over the past 30 days, the shares of Delta Air Lines, Inc. (NYSE:DAL) have changed 17.71%. Short interest in the company has seen 32.9 million shares shorted with days to cover at 3.48.
Wall Street analysts have a consensus price target for the stock at $56, which means that the shares’ value could jump 5.04% from current levels. The projected low price target is $38.0 while the price target rests at a high of $85.0. In that case, then, we find that the current price level is -59.83% off the targeted high while a plunge would see the stock lose 28.54% from current levels.
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 14.00% over the past 6 months, with this year growth rate of -1.44%, compared to -18.10% for the industry. Revenue growth from the last financial year stood is estimated to be 4.50%.
11 analysts offering their estimates for the company have set an average revenue estimate of 14.24B for the current quarter. 4 have an estimated revenue figure of 13.12B for the next ending quarter. Year-ago sales stood 13.66B and 12.59B respectively for this quarter and the next, and analysts expect sales will grow by 4.20% for the current quarter and 4.50% 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 4.80% over the past 5 years. Earnings growth for 2024 is a modest -2.20% while over the next 5 years, the company’s earnings are expected to increase by 8.57%.
DAL Dividends
Delta Air Lines, Inc. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.50 at a share yield of 0.94%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.3%.
Delta Air Lines, Inc. (NYSE:DAL)’s Major holders
Insiders own 0.30% of the company shares, while shares held by institutions stand at 78.20% with a share float percentage of 78.44%. Investors are also buoyed by the number of investors in a company, with Delta Air Lines, Inc. having a total of 1437.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 71.98 million shares worth more than $3.41 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.2474% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 42.28 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.01 billion and represent 6.6058% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.16% shares in the company for having 20.37 shares of worth $1.08 billion while later fund manager owns 16.56 shares of worth $880.67 million as of Jun 30, 2024 , which makes it owner of about 2.57% of company’s outstanding stock.
