Delta Air Lines Inc. [DAL] Revenue clocked in at $24.56 billion, down -36.51% YTD: What’s Next?

Delta Air Lines Inc. [NYSE: DAL] plunged by -$0.78 during the normal trading session on Friday and reaching a high of $38.09 during the day while it closed the day at $37.13. The company report on November 12, 2020 that UATP Forms Partnership With Fly Now Pay Later To Offer Travelers Installment Payment Plans.

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Installment payments allow travelers to plan the perfect trip while paying over a scheduled length of time.

UATP announced a new strategic partnership with Fly Now Pay Later (FNPL) to give travelers the opportunity to purchase travel via installment plans. The UATP-FNPL partnership allows travelers to instantly spread the cost of their travel plans over time, making those once distant-thought travel plans, now a reality.

Delta Air Lines Inc. stock has also gained 1.84% of its value over the past 7 days. However, DAL stock has inclined by 24.60% in the 3 months of the year. Over the past six months meanwhile, it has gained 44.76% and lost -36.51% year-on date.

The market cap for DAL stock reached $24.18 billion, with 635.00 million shares outstanding and 632.90 million shares in the current float. Compared to the average trading volume of 20.05M shares, DAL reached a trading volume of 12450107 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Delta Air Lines Inc. [DAL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DAL shares is $39.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DAL stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Delta Air Lines Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 17, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on September 15, 2020, representing the official price target for Delta Air Lines Inc. stock. Previously, the target price had yet another raise to $50, while Morgan Stanley analysts kept a Overweight rating on DAL stock.

The Average True Range (ATR) for Delta Air Lines Inc. is set at 1.63, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.98. The Price to Book ratio for the last quarter was 7.02, with the Price to Cash per share for the same quarter was set at 33.06.

DAL stock trade performance evaluation

Delta Air Lines Inc. [DAL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.84. With this latest performance, DAL shares gained by 10.11% in over the last four-week period, additionally plugging by 44.76% over the last 6 months – not to mention a drop of -32.87% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DAL stock in for the last two-week period is set at 62.65, with the RSI for the last a single of trading hit 62.01, and the three-weeks RSI is set at 60.34 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 32.61, while it was recorded at 37.71 for the last single week of trading, and 31.08 for the last 200 days.

Delta Air Lines Inc. [DAL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Delta Air Lines Inc. [DAL] shares currently have an operating margin of +14.16 and a Gross Margin at +22.17. Delta Air Lines Inc.’s Net Margin is presently recorded at +10.14.

Return on Total Capital for DAL is now 21.19, given the latest momentum, and Return on Invested Capital for the company is 16.65. Return on Equity for this stock inclined to 32.82, with Return on Assets sitting at 7.64. When it comes to the capital structure of this company, Delta Air Lines Inc. [DAL] has a Total Debt to Total Equity ratio set at 112.35. Additionally, DAL Total Debt to Total Capital is recorded at 52.91, with Total Debt to Total Assets ending up at 26.74. Long-Term Debt to Equity for the company is recorded at 92.25, with the Long-Term Debt to Total Capital now at 43.44.

Reflecting on the efficiency of the workforce at the company, Delta Air Lines Inc. [DAL] managed to generate an average of $52,385 per employee. Receivables Turnover for the company is 18.19 with a Total Asset Turnover recorded at a value of 0.75.Delta Air Lines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for Delta Air Lines Inc. [DAL] stock

With the latest financial reports released by the company, Delta Air Lines Inc. posted 1.7/share EPS, while the average EPS was predicted by analysts to be reported at 1.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DAL.

Delta Air Lines Inc. [DAL]: Insider Ownership positions

There are presently around $14,189 million, or 63.10% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 66,379,398, which is approximately 19.179% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 35,681,406 shares of the stock with an approximate value of $1.32 billion in DAL stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $858.48 million in DAL stock with ownership of nearly -2.677% of the company’s market capitalization.

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Positions in Delta Air Lines Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 383 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 50,372,429 shares. Additionally, 475 investors decreased positions by around 41,501,678 shares, while 116 investors held positions by with 290,269,334 shares. The mentioned changes placed institutional holdings at 382,143,441 shares, according to the latest SEC report filing. DAL stock had 110 new institutional investments in for a total of 9,066,631 shares, while 135 institutional investors sold positions of 10,073,715 shares during the same period.

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