Delta Air Lines (NYSE:DAL) Shares Gap Up – Time to Buy?

Shares of Delta Air Lines, Inc. (NYSE:DALGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $60.84, but opened at $63.46. Delta Air Lines shares last traded at $63.3210, with a volume of 6,319,933 shares.

More Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DAL. BMO Capital Markets reissued an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, January 14th. Wells Fargo & Company cut their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $81.00 price objective on shares of Delta Air Lines in a research note on Wednesday, January 14th. UBS Group decreased their price objective on Delta Air Lines from $87.00 to $83.00 and set a “buy” rating for the company in a report on Monday. Finally, Jefferies Financial Group lowered their target price on shares of Delta Air Lines from $84.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.76.

Get Our Latest Research Report on DAL

Delta Air Lines Stock Up 4.2%

The company has a market capitalization of $41.39 billion, a PE ratio of 8.26, a P/E/G ratio of 0.59 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $67.74 and a two-hundred day simple moving average of $64.10.

Delta Air Lines (NYSE:DALGet Free Report) last released its quarterly earnings results on Tuesday, January 13th. The transportation company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.The business had revenue of $14.61 billion during the quarter, compared to analysts’ expectations of $15.80 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. Research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, February 26th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, February 26th. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. Delta Air Lines’s dividend payout ratio is presently 9.78%.

Insiders Place Their Bets

In other news, EVP Alain Bellemare sold 35,212 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $75.20, for a total transaction of $2,647,942.40. Following the transaction, the executive vice president directly owned 138,176 shares in the company, valued at $10,390,835.20. The trade was a 20.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rahul D. Samant sold 62,528 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $70.18, for a total transaction of $4,388,215.04. Following the transaction, the executive vice president directly owned 20,939 shares of the company’s stock, valued at $1,469,499.02. This represents a 74.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 620,550 shares of company stock valued at $44,127,667. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently modified their holdings of DAL. AlphaQuest LLC raised its position in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after acquiring an additional 211 shares in the last quarter. Accredited Wealth Management LLC lifted its holdings in Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $31,000. SWAN Capital LLC boosted its position in shares of Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth $34,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Company Profile

(Get Free Report)

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.

Further Reading

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