For Delta Air Lines Inc. [DAL], Analyst sees a rise to $53. What next?



Delta Air Lines Inc. [NYSE: DAL] loss -2.93% or -1.3 points to close at $43.03 with a heavy trading volume of 13453952 shares. The company report on April 21, 2022 that Mystifly Joins UATP Network.

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The partnership focuses on reducing the cost of acceptance for travel payments.

UATP and Mystifly announced a strategic partnership in which UATP will be integrated into MystiPay, an airline payment solution from Mystifly. The partnership focuses on reducing the cost of acceptance for travel payments.

It opened the trading session at $44.17, the shares rose to $44.75 and dropped to $42.8225, the range by which the price of stock traded the whole day. The daily chart for DAL points out that the company has recorded 9.91% gains over the past six months. However, it is still -44.64% lower than its most recent low trading price.

If we look at the average trading volume of 16.32M shares, DAL reached to a volume of 13453952 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $53.39 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 2.20. 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.

UBS have made an estimate for Delta Air Lines Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2022. While these analysts kept the previous recommendation, Barclays raised their target price from $42 to $60. The new note on the price target was released on April 14, 2022, representing the official price target for Delta Air Lines Inc. stock. Previously, the target price had yet another raise to $50, while Wolfe Research analysts kept a Outperform rating on DAL stock. On January 25, 2022, analysts increased their price target for DAL shares from 48 to 50.

The Average True Range (ATR) for Delta Air Lines Inc. is set at 1.54, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 9.16, with the Price to Cash per share for the same quarter was set at 15.07. Price to Free Cash Flow for DAL in the course of the last twelve months was 11.89 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for DAL stock

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 -1.51. With this latest performance, DAL shares gained by 9.41% in over the last four-week period, additionally plugging by 9.91% over the last 6 months – not to mention a drop of -8.29% 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 58.23, with the RSI for the last a single of trading hit 57.10, and the three-weeks RSI is set at 57.46 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 38.75, while it was recorded at 43.13 for the last single week of trading, and 39.93 for the last 200 days.

Delta Air Lines Inc. [DAL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Delta Air Lines Inc. [DAL] shares currently have an operating margin of -8.85 and a Gross Margin at -0.96. Delta Air Lines Inc.’s Net Margin is presently recorded at +0.94.

Return on Equity for this stock inclined to 10.33, with Return on Assets sitting at 0.37.

Delta Air Lines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Delta Air Lines Inc. [DAL]: An earnings per share (EPS) analysis

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Delta Air Lines Inc. go to 13.31%.

An analysis of insider ownership at Delta Air Lines Inc. [DAL]

There are presently around $17,468 million, or 64.40% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 66,966,728, which is approximately 0.029% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 38,133,128 shares of the stock with an approximate value of $1.64 billion in DAL stocks shares; and STATE STREET CORP, currently with $949.92 million in DAL stock with ownership of nearly 1.546% of the company’s market capitalization.

Positions in Delta Air Lines Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 474 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 31,483,034 shares. Additionally, 430 investors decreased positions by around 29,835,252 shares, while 181 investors held positions by with 344,633,391 shares. The mentioned changes placed institutional holdings at 405,951,677 shares, according to the latest SEC report filing. DAL stock had 134 new institutional investments in for a total of 6,044,432 shares, while 114 institutional investors sold positions of 7,995,223 shares during the same period.