DAL stock: buy or sell?
August 23rd, 2019
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally.
Should I buy DAL stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Delta Air Lines stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Delta Air Lines stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 15 ratings published for DAL stock in the last 30 days. The general sentiment of these ratings is bullish for DAL stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-12||Morgan Stanley||n/a||Equal Weight|
|2019-5-20||Morgan Stanley||Overweight||Equal Weight|
|2019-4-4||Bank of America||Neutral||Neutral|
DAL stock analysis
Delta Air Lines eased a horrible -3.00% and closed at $56.22.
Delta Air Lines shares eased -3.00% to $56.22 today. Since June when SMA100d and SMA200d crossed up, DAL price gained $0.55 per share (0.99%). Since price and SMA200d lines crossed up on June, DAL climbed $4.45 (8.60%). On July/24, DAL hit a new all time high, pushing higher than on Jul 17th tops. Check different trading setups that use ATHs as triggers.
Delta Air Lines dropped an awful -3.14% this week. With this, it's been 4 red weeks in a row, sliding $-5.94 or a -9.81%.
In a weekly time frame, Delta Air Lines stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, DAL might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Delta Air Lines marked late July. By mid June, SMA20w and SMA40w crossed up triggering a rise of 2.74%. Early June DAL price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
DAL stock price history
DAL stock went public on May 3rd, 2007 with a price of $19.601. Since then, DAL stock grew a 186.80%, with an average of 15.60% per year. If you had invested right after DAL's IPO a $1,000 in DAL stock in 2007, it would worth $1,868.00 today.
1: Adjusted price after possible price splits or reverse-splits.
DAL stock historical price chart
DAL stock reached all-time highs on July 24th with a price of $63.44.
DAL stock price target is $67.80How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 13 price forecasts for DAL stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-12||Raymond James||Raises Target||$68.00||$70.00||2.9%|
|2019-7-12||Morgan Stanley||Raises Target||$61.00||$65.00||6.6%|
|2019-7-12||Deutsche Bank||Raises Target||$56.00||$61.00||8.9%|
|2019-7-12||Buckingham Research||Raises Target||$71.00||$74.00||4.2%|
|2019-7-10||Imperial Capital||Raises Target||$61.00||$63.00||3.3%|
|2019-4-4||Bank of America||Reiterates||$55.00||$59.00||7.3%|
|2019-4-3||Imperial Capital||Raises Target||$53.00||$58.00||9.4%|
|2019-4-3||Buckingham Research||Raises Target||$62.00||$71.00||14.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April, when Delta Air Lines published its last earnings report, it stayed constant a neutral -0.05%. As soon as we get its actual EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Delta Air Lines annual revenues escalated a great 8.02% to $44,438.00 million dollars from $41,138.00 marked in 2017. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) raised a 1.06% to 8.86%. To have an up to date view of the financial situation of Delta Air Lines, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Delta Air Lines TTM sales up to March 2019 were $44,942.00 and income was $4,118.00 million USD. When comparing this TTM figures with the last reported annuality, we can review Delta Air Lines business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, gained a slightly fine 1.13%. In line, profit margin (net income/sales) stayed steady at 8.86%.
|2013||$37,640 M||-||$10,540 M28.0%||-|
|2014||$40,362 M||7.23%||$659 M1.6%||-93.75%|
|2015||$40,704 M||0.85%||$4,526 M11.1%||586.80%|
|2016||$39,639 M||-2.62%||$4,373 M11.0%||-3.38%|
|2017||$41,138 M||3.78%||$3,205 M7.8%||-26.71%|
|2018||$44,438 M||8.02%||$3,935 M8.9%||22.78%|
|TTM||$44,942 M||1.13%||$4,118 M9.2%||4.65%|
Quarterly financial resultsDelta Air Lines reported $10,472.00 M in revenues for 2019-Q1, a -2.51% decline compared to previous quarter. Reported quarter income marked $730.00 million with a profit margin of 6.97%. Profit margin depreciated a -2.81% compared to previous quarter when profit margin was 9.78%. When comparing sales to same quarter last year, Delta Air Lines sales marked a fine gain and rose a 5.06%. Looking back to recent quarterly results, Delta Air Lines posted 2 negative quarters in a row.
|2017-Q2||$10,790 M||-||$1,220 M11.3%||-|
|2017-Q3||$11,060 M||2.50%||$1,180 M10.7%||-3.28%|
|2017-Q4||$10,334 M||-6.56%||$670 M6.5%||-43.22%|
|2018-Q1||$9,968 M||-3.54%||$547 M5.5%||-18.36%|
|2018-Q2||$11,775 M||18.13%||$1,025 M8.7%||87.39%|
|2018-Q3||$11,953 M||1.51%||$1,312 M11.0%||28.00%|
|2018-Q4||$10,742 M||-10.13%||$1,051 M9.8%||-19.89%|
|2019-Q1||$10,472 M||-2.51%||$730 M7.0%||-30.54%|
Delta Air Lines ownershipWhen you are planning to buy shares of a stock, it's always worth to review its ownership structure.
Delta Air Lines shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 49.63% of all shares.
In case of Delta Air Lines stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for DAL stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Delta Air Lines:
|Market cap||$36.8 B||$12.2 B||$2.3 B||$0.0 M||$7.0 B|
|Total shares||654.7 M||460.6 M||16.3 M||0.0 M||289.4 M|
|Float shares||574.5 M||396.1 M||11.4 M||122.8 M||90.6 M|
|- Institutional holdings (%)||0.0%||7.8%||81.5%||89.7%||0.2%|
|- Insider holdings (%)||49.6%||39.8%||20.8%||0.4%||0.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$55.84 - $58.06|
|Average true range||$1.31|
|50d mov avg||$58.88|
|100d mov avg||$57.25|
|200d mov avg||$54.03|
Delta Air Lines performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Delta Air Lines performance to American Airlines, Allegiant Travel, Alaska Air, China Eastern Airlines, Hawaiian, JetBlue Airways, Southwest Airlines, Spirit Airlines, SkyWest and United Continental:
|DALDelta Air Lines||4.56%||11.26%||0.88%|
|CEAChina Eastern Air...||-11.43%||-30.52%||-24.36%|
Delta Air Lines competitorsOne check before trading any stock is to review a list of its competitors, in this case for Delta Air Lines. We selected 10 companies as Delta Air Lines competitors as they are in the same industry or have similar market objectives.
- American Airlines (AAL)
- Allegiant Travel (ALGT)
- Alaska Air (ALK)
- China Eastern Airlines (CEA)
- Hawaiian (HA)
- JetBlue Airways (JBLU)
- Southwest Airlines (LUV)
- Spirit Airlines (SAVE)
- SkyWest (SKYW)
- United Continental (UAL)
Latest DAL stock news
- Seeking AlphaDelta Air Lines: Strong Performance Set To ContinueJuly 18, 2019
- InvestorPlace3 Big Stock Charts for Wednesday: Delta Air Lines, Salesforce.com and American AirlinesJuly 17, 2019
- InvestorPlaceThursday’s Vital Data: Delta Air Lines, Micron and DisneyJuly 11, 2019
- Seeking AlphaDelta Air Lines: Short-Term Headwinds, But The Stock Will Still ClimbJune 24, 2019
- Seeking AlphaDelta Air Lines: Ready To Take OffJune 13, 2019