Delta Air Lines Inc. [DAL] is 1.12% higher this YTD. Is it still time to buy?

Delta Air Lines Inc. [NYSE: DAL] price surged by 5.45 percent to reach at $2.1. The company report on July 15, 2021 that Delta Air Lines Commences Cash Tender Offer for Up To $1.0 Billion Aggregate Purchase Price of Certain of its Outstanding Notes.

Delta Air Lines, Inc. (NYSE: DAL) (“Delta”) announced that it has commenced an offer to purchase for cash (the “Tender Offer”) up to a maximum combined aggregate purchase price of $1.0 billion, excluding accrued and unpaid interest (the “Maximum Tender Amount”) of its outstanding:.

7.000% Senior Secured Notes due 2025 (the “2025 Notes”),.

A sum of 17580904 shares traded at recent session while its average daily volume was at 11.51M shares. Delta Air Lines Inc. shares reached a high of $40.815 and dropped to a low of $38.43 until finishing in the latest session at $40.66.

The one-year DAL stock forecast points to a potential upside of 28.45. The average equity rating for DAL stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $56.83 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 2.10. 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.

Raymond James have made an estimate for Delta Air Lines Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on July 15, 2021. The new note on the price target was released on June 18, 2021, representing the official price target for Delta Air Lines Inc. stock. Previously, the target price had yet another raise to $59, while MKM Partners analysts kept a Buy rating on DAL stock. On June 08, 2021, analysts increased their price target for DAL shares from 50 to 60.

The Average True Range (ATR) for Delta Air Lines Inc. is set at 1.49, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 20.23, with the Price to Cash per share for the same quarter was set at 23.06.

DAL Stock Performance Analysis:

Delta Air Lines Inc. [DAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.62. With this latest performance, DAL shares dropped by -9.56% in over the last four-week period, additionally plugging by 0.87% over the last 6 months – not to mention a rise of 55.07% 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 39.40, with the RSI for the last a single of trading hit 40.82, and the three-weeks RSI is set at 39.79 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 44.71, while it was recorded at 40.26 for the last single week of trading, and 42.28 for the last 200 days.

Insight into Delta Air Lines Inc. 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 -48.44 and a Gross Margin at -38.23. Delta Air Lines Inc.’s Net Margin is presently recorded at -72.45.

Return on Total Capital for DAL is now -23.76, given the latest momentum, and Return on Invested Capital for the company is -38.58. Return on Equity for this stock declined to -146.64, with Return on Assets sitting at -18.14. 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 2,317.34. Additionally, DAL Total Debt to Total Capital is recorded at 95.86, with Total Debt to Total Assets ending up at 49.37. Long-Term Debt to Equity for the company is recorded at 2,160.23, with the Long-Term Debt to Total Capital now at 89.36.

Reflecting on the efficiency of the workforce at the company, Delta Air Lines Inc. [DAL] managed to generate an average of -$167,365 per employee. Receivables Turnover for the company is 8.04 with a Total Asset Turnover recorded at a value of 0.25.Delta Air Lines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Delta Air Lines Inc. [DAL] Insider Position Details

There are presently around $16,705 million, or 65.10% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 65,695,487, which is approximately 0.761% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 36,616,395 shares of the stock with an approximate value of $1.49 billion in DAL stocks shares; and CAPITAL WORLD INVESTORS, currently with $1.14 billion in DAL stock with ownership of nearly 0.196% 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 July and at the time of the July reporting period, where 510 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 42,900,199 shares. Additionally, 430 investors decreased positions by around 34,441,606 shares, while 163 investors held positions by with 333,492,517 shares. The mentioned changes placed institutional holdings at 410,834,322 shares, according to the latest SEC report filing. DAL stock had 147 new institutional investments in for a total of 6,473,656 shares, while 107 institutional investors sold positions of 7,852,290 shares during the same period.

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