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Delta Air Lines Inc. (NYSE: DAL) Is Up 18.93% Year-To-Date, Analysts Forecast Major Price Rally

Delta Air Lines Inc. (NYSE:DAL) traded at $39.24 at last check on Tuesday, January 24, made an upward move of 0.41% on its previous day’s price.

Looking at the stock we see that its previous close was $39.08 and the beta (5Y monthly) reads 1.22 with the day’s price range being $38.7305 – $39.305. The company has a trailing 12-month PE ratio of 19.09. In terms of its 52-week price range, DAL has a high of $46.27 and a low of $27.20. The company’s stock has gained about 18.78% over that past 30 days.

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Delta Air Lines Inc. has a market cap of $24.62 billion and is expected to release its quarterly earnings report on Apr 11, 2023 – Apr 17, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.33, with the EPS growth for the year raised at $5.2 for 2023 and $6.92 for next year. These figures represent 62.50% and 33.10% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $12.04 billion, with a low of $11.98 billion and a high of $12.16 billion. The median projection represents growth squeezing down to 47.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $53.76 billion, or 17.90% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the DAL stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Delta Air Lines Inc. (DAL) stock as a Hold, while 16 rate it as a Buy. 3 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the DAL stock currently stands at 1.43, and the most recent price level today is 9.19% off its SMA20 and 12.11% from its 50-day simple moving average. The RSI (14) is pointing at 69.27 while the volatility over the past week is 2.46% and jumps to 3.05% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 1.19. The average price target for the stock over the next 12 months is $50.47, with the estimates having a low of $40.00 and a high of $81.00. These price ends are -1.94% and -106.42% off the today’s price level respectively, although investors could be excited at the prospect of a -14.68% if the DAL share price touches on the median price of $45.00.

Let’s briefly compare Delta Air Lines Inc. (DAL) stock to its peers. We find that today’s price change of 0.41% and 0.62% over the past 12 months for DAL competes that of Southwest Airlines Co. (LUV), which has seen its stock price rise 0.15% in the latest trading session and is -17.25% over the last one year. Another of its peers United Airlines Holdings Inc. (UAL) has gained 1.26% today, and was 14.93% up over the past year, while American Airlines Group Inc. (AAL) is also up 0.74% yet, while its price remains in the red at -3.52% over the same period. Delta Air Lines Inc. has a P/E ratio of 19.09 compared to Southwest Airlines Co.’s 28.82 and United Airlines Holdings Inc.’s 22.72. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Delta Air Lines Inc. (NYSE:DAL), we note that the average 3-month trading volume was 9.95 million, while that of the preceding 10-day period stands at 16.29 million. Current shares outstanding are 641.19 million.

The insiders hold 0.20% of the company’s shares while institutions hold 67.50%. The data shows that short shares as of Dec 29, 2022, stood at 19.53 million at a short ratio of 2.12. This represents a 3.05% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 17.18 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 18.93% up in year-to-date price movement.

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