In August, the number of short positions in Delta Air Lines, Inc. (NYSE: DAL) decreased considerably. As of August 15, there were 15,570,000 shares borrowed, a decrease of 15.1% from 18,330,000 shares borrowed as of July 31. The days-to-cover ratio is currently 1.2, based on an average daily volume of 13,080,000 shares. Short positions account for around 2.4% of the total shares outstanding in the company. Are There Any Chances That These Two Airline Stocks Will Defy Gravity and Rise Even Further? On Tuesday, NYSE DAL opened for trading at $32.03 per share.
The company has a market capitalization of $20.54 billion, a PE ratio of 34.82, and a beta value of 1.20. There is a 6.01 to 1 ratio of debt to equity, a 0.59 to 1 ratio of quick ratio, and a 0.66 to 1 ratio of current ratio. Over the previous year, Delta Air Lines’ share price reached a 52-week low of $28.09 and a 52-week high of $46.27. The stock’s 50-day and 200-day moving average values are currently sitting at $31.76 and $36.29, respectively. The most recent quarterly earnings report for Delta Air Lines (NYSE: DAL) was issued on Wednesday, July 13.
Earnings for the quarter in the transportation sector came in at $1.44 per share, which was $0.27 less than what industry analysts had anticipated, $1.71. The revenue for the quarter came in at $13.82 billion, which was significantly more than the analysts’ projection of $13.40 billion. Delta Air Lines’ return on equity was 14.26%, while the company had a net margin of 1.43%. The revenue for the quarter increased by 93.9% when measured against what it was during the same quarter the year before.
The company’s earnings per share were $1.07 lower than the same quarter the previous year. The analysts that conduct equity research anticipate that Delta Air Lines will generate earnings of 2.8 cents per share this year. The price of Delta Stock is now in an upward trend. As reported by other news on Delta Air Lines, on Thursday, July 14, Director David S. Taylor purchased 10,000 shares of the company’s stock. The transaction cost was $293,100 because the average price paid for the shares was $29.31.
As a direct result of the transaction, the director now owns 43,010 shares, and its current market value is $1,260,623.10. The transaction was made public via a filing with the SEC, which may be found on the website of the SEC. Insiders own 0.84 percent of the company’s total shares of stock. Over the past few months, several significant investors have made recent adjustments to the stakes they hold in the company. During the first three months of 2018, Commerce Bank increased its holdings in Delta Air Lines by 35.0%.
Commerce Bank now owns 23,067 shares of the transportation company’s stock, valued at $913,000. This comes from the bank’s acquiring an additional 5,975 shares during the last quarter. Scout Investments, Inc. purchased a new holding in Delta Air Lines during the first quarter for a total investment of about $29,114,000.00. Pendal Group Ltd. acquired a new interest in Delta Air Lines during the first three months by paying approximately $258,000. Argent Trust Company increased its holdings in Delta Air Lines during the first three months by 3.1%. The number of shares in the transportation company’s stock that Argent Trust Co. now owns, for a total of 34,172, is valued at $1,352,000.
This represents an increase of 1,037 shares. Last but not least, during the first quarter of 2018, Stratos Wealth Partners LTD. increased the percentage of Delta Air Lines stock is owned by 1.3%. Stratos Wealth Partners LTD. now owns 34,940 shares of the transportation company’s stock, valued at $1,383,000 after the firm made a new purchase of 432 shares during the most recent quarter. Hedge funds and other institutional investors currently hold 63.24% of the company’s shares. The Travel Industry is Continuing to Grow.
Several experts specializing in equity analysis have offered their thoughts on the company. In a research note published on June 1, Goldman Sachs Group announced that they were increasing their price objective for Delta Air Lines from $44.00 to $45.00. On Monday, August 15, Melius announced that it had expanded its coverage to include Delta Air Lines. They suggested that investors “buy” the shares as a course of action. Susquehanna Bancshares dropped its price objective on Delta Air Lines from $47.00 to $35.00 in a report that was released on Tuesday, July 12.
Despite this change, they retained a “positive” recommendation for the business. In a research note published on Wednesday, July 20, Berenberg Bank announced that they would decrease their price target for Delta Air Lines from $54.00 to $48.50. Finally, on June 23, Raymond James presented research reiterating a “strong-buy” rating and a $50.00 price target (down previously from $53.00) on shares of Delta Air Lines. The rating and price target were both decreased from the previous levels.
Four equity research analysts have suggested that investors maintain their long positions on the stock. In contrast, thirteen have suggested that investors buy the stock, and one has suggested that investors strongly purchase the stock. According to data compiled by Bloomberg, the current consensus recommendation for Delta Air Lines is “Moderate Buy,” The company’s price objective is pegged at an average of $49.50 per share. Details concerning the organization Delta Air Lines Inc. Domestically and internationally, Delta Air Lines, Inc. operates both passenger and freight flights on a scheduled basis.
The corporation comprises two distinct divisions: the airline business and the refinery industry. Its domestic network was established around core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City. Its coastal hub positions are in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle. Amsterdam, Mexico City, London Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon airports were chosen to be hubs for the company’s international network and build a market presence.
