Delta Air Lines, Inc [NYSE: DAL] stock went on a downward path that fall over -2.57% on Monday, amounting to a one-week price increase of more than 2.73%.
Over the last 12 months, DAL stock rose by 77.67%. The one-year Delta Air Lines, Inc stock forecast points to a potential upside of 11.74. The average equity rating for DAL stock is currently 1.32, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $37.46 billion, with 643.45 million shares outstanding and 642.99 million shares in the current float. Compared to the average trading volume of 8.87M shares, DAL stock reached a trading volume of 7956364 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $64.46 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 1.32. 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.
TD Cowen have made an estimate for Delta Air Lines, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 17, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $55 to $61. The new note on the price target was released on July 02, 2024, representing the official price target for Delta Air Lines, Inc stock. Previously, the target price had yet another raise to $59, while UBS analysts kept a Buy rating on DAL stock. On March 07, 2023, analysts increased their price target for DAL shares from 40 to 47.
The Average True Range (ATR) for Delta Air Lines, Inc is set at 1.76, with the Price to Sales ratio for DAL stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 2.69, with the Price to Cash per share for the same quarter was set at 6.19. Price to Free Cash Flow for DAL in the course of the last twelve months was 30.11 with Quick ratio for the last quarter at 0.34.
DAL Stock Performance Analysis:
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 2.73. With this latest performance, DAL shares gained by 15.44% in over the last four-week period, additionally plugging by 7.48% over the last 6 months – not to mention a rise of 77.67% 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 62.63, with the RSI for the last a single of trading hit 59.81, and the three-weeks RSI is set at 63.51 for Delta Air Lines, Inc [DAL]. The present Moving Average for the last 50 days of trading for this stock 49.30, while it was recorded at 57.66 for the last single week of trading, and 46.34 for the last 200 days.
Insight into Delta Air Lines, Inc Fundamentals:
Delta Air Lines, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.34 and a Current Ratio set at 0.39.
DAL Stock EPS
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 8.57%.
Delta Air Lines, Inc [DAL] Institutonal Ownership Details
There are presently around $78.07%, or 78.29%% of DAL stock, in the hands of institutional investors. The top three institutional holders of DAL stocks are: VANGUARD GROUP INC with ownership of 71.98 million shares, which is approximately 11.2474%. BLACKROCK INC., holding 42.28 million shares of the stock with an approximate value of $$2.01 billion in DAL stocks shares; and BLACKROCK INC., currently with $$1.29 billion in DAL stock with ownership which is approximately 4.2332%.
