Delta Air Lines Inc. [DAL] Stock trading around $42.23 per share: What’s Next?

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Delta Air Lines Inc. [NYSE: DAL] traded at a high on 05/27/22, posting a 3.43 gain after which it closed the day’ session at $42.23. The company report on May 25, 2022 that Delta Air Lines to Present at the Bernstein Strategic Decisions Conference.


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Delta Air Lines (NYSE: DAL) will present at the Bernstein Strategic Decisions Conference at 9:00 a.m. ET on Wednesday, June 1, 2022.

A live webcast of this event will be available at ir.delta.com.  An online replay will be available at the same site shortly after the webcast is complete.

The results of the trading session contributed to over 10622136 shares changing hands. Over the past one week, the price volatility of Delta Air Lines Inc. stands at 4.48% while the volatility over the past one month is 4.41%.

The market cap for DAL stock reached $26.17 billion, with 637.00 million shares outstanding and 635.47 million shares in the current float. Compared to the average trading volume of 16.06M shares, DAL reached a trading volume of 10622136 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $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 1.80. 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 1.88, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 8.99, with the Price to Cash per share for the same quarter was set at 16.06. Price to Free Cash Flow for DAL in the course of the last twelve months was 10.95 with Quick ratio for the last quarter at 0.60.

How has DAL stock performed recently?

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 9.29. With this latest performance, DAL shares dropped by -4.74% in over the last four-week period, additionally plugging by 16.08% over the last 6 months – not to mention a drop of -11.43% 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 57.19, with the RSI for the last a single of trading hit 61.35, and the three-weeks RSI is set at 55.26 for Delta Air Lines Inc. [DAL]. The present Moving Average for the last 50 days of trading for this stock 39.97, while it was recorded at 39.68 for the last single week of trading, and 39.88 for the last 200 days.

Delta Air Lines Inc. [DAL]: Deeper insight into the 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 -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.

Earnings analysis for Delta Air Lines Inc. [DAL]

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%.

Insider trade positions for Delta Air Lines Inc. [DAL]

There are presently around $17,635 million, or 66.40% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 68,234,306, which is approximately 1.893% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 37,857,563 shares of the stock with an approximate value of $1.6 billion in DAL stocks shares; and CAPITAL WORLD INVESTORS, currently with $932.44 million in DAL stock with ownership of nearly 0.222% 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 489 institutional holders increased their position in Delta Air Lines Inc. [NYSE:DAL] by around 44,194,906 shares. Additionally, 398 investors decreased positions by around 31,717,733 shares, while 200 investors held positions by with 341,691,349 shares. The mentioned changes placed institutional holdings at 417,603,988 shares, according to the latest SEC report filing. DAL stock had 113 new institutional investments in for a total of 6,036,431 shares, while 106 institutional investors sold positions of 6,273,696 shares during the same period.

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