TD Cowen has recently reiterated Delta Air Lines, Inc. (DAL) stock to Buy rating, as announced on July 17, 2024, according to Finviz. Earlier, on July 2, 2024, TD Cowen had reiterated the stock to Buy, setting a price target of $61 for DAL stock. UBS also initiated Buy rating with a price target of $59. Additionally, Evercore ISI raised rating on March 7, 2023, with a target price of $47. Redburn analysts, in their report published on February 8, 2023, also raised Buy rating and set a price target of $55 for Delta Air Lines, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Delta Air Lines, Inc. (DAL) Stock Trading Recap
On Tuesday, Delta Air Lines, Inc. (DAL) stock saw a modest uptick, ending the day at $58.29 which represents a slight increase of $1.40 or 2.46% from the prior close of $56.89. The stock opened at $57.09 and touched a low of $57.08 during the day, reaching a high of $58.63. The volume of shares traded was 5.35 million falling short of the average volume of 8.85 million.
DAL Stock Performance and Moving Averages
In recent trading, Delta Air Lines, Inc. (DAL) stock price has shown some volatility, fluctuating 1.66% over the last five trades and 17.83% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 11.67%, and it has gained 56.19% in the previous three months. Currently, DAL is trading at 5.86%, 17.41%, and 25.49% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DAL, a Industrials sector stock, is trading -1.52% below its 52-week high but remains 79.57% above its 52-week low. The Average True Range (ATR) (14 days) of 1.76 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Delta Air Lines, Inc.’s Profitability and Valuation Ratios
Delta Air Lines, Inc.’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 9.29% and a profit margin of 7.71%, with a gross margin of 11.67%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Delta Air Lines, Inc.’s market capitalization stands at $37.61 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 8.1, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 8. Additionally, the Price-to-Sales Ratio is 0.62, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.76, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.35% of Delta Air Lines, Inc. (DAL)’s shares, while financial institutions hold 77.23%.
Notable insider trades include Sear Steven M, EVP – Global Sales & Distrib at Delta Air Lines, Inc. (DAL), who sold 10279 shares on Nov 01 ’24, at $58.72 each, totaling $0.60 million. On Oct 31 ’24, HAUENSTEIN GLEN W, President, sold 75000 shares for $58.3 each, amounting to $4.37 million. Additionally, on Oct 30 ’24, Samant Rahul D sold 10000 shares at $58.53 each, generating $0.59 million.
