The surge in insider selling at Delta Air Lines, Inc. (NYSE:DAL) is picking up steam with the current sell/buy ratio now at 4.62. DAL recorded 1 sales on the open market in the last three months. They sold nearly 60,000 shares while purchases amounted to 13,000 shares that period. Looking even further back to 12 months, corporate insiders offloaded 659,328 shares when buyers snapped up 653,428 shares. The 12-month’s totals signify about a 1.01-to-1 sell/buy ratio.
Bastian Edward H parted with a total of 60 thousand shares of Delta Air Lines, Inc. (DAL) at average share price of $50. This insider trade in the company took place on 12/27/2018. The total for the sales was set at $3 million. After this transaction, the CEO account balance stood at 266.94 thousand shares. The stock lost -2.88 percent since that insider sale. On 12/21/2018, Mattson George N, Director, purchased 5 thousand shares at a price per share of $49.41. This added 247.05 thousand shares to the insider’s fortune and the stock saw a -1.72 percent retreat in value since the news became public. This transaction left 100.53 thousand shares in the Director account.
On 12/20/2018, Director Mattson George N performed a purchase transaction worth $203.64 thousand. This purchase at $50.91 each has added 4 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -4.62 percent decrease since the transaction was reported. The insider now is left with 95.53 thousand shares remaining in the account. Mattson George N, who performs the Director job, bought 4 thousand shares for $211.48 thousand. The acquisition occurred on 12/17/2018 was priced at $52.87 per share. The share price plunged -8.15 percent since the reporting date. Mattson George N now left with a stake of 91.53 thousand DAL stock worth $4.44 million after the insider buying.
The 12-month median price target for Delta Air Lines, Inc. (DAL) assigned by the analysts stands at $65, which represents a return potential of 33.86 percent when compared to the closing price of the stock of $48.56 on Friday, January 11. The lowest price target for the stock is $53 — slightly more than 9.14 percent from DAL’s current share price. The stock will probably climb 37.54 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $95-month high price target. This represents a whopping 95.63 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 39.98 on daily chart, which may remain a cause for comfort. If the price breaks below $47.19 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $48.96 mark may result into a pull-back move towards $49.35 level. The stock is currently hovering around the first support level of $47.88. Below this, the next support is placed in the zone of $47.19. Till the time, the DAL stock trades above this level, bulls have nothing to fear.
Shares of Delta Air Lines, Inc. (DAL) are trading at a P/E ratio of 11.28 times earnings reported for the past 12 months. The industry DAL operates in has an average P/E of 13.61. Its P/E ratio went as low as 2.24X and as high as 63.07 over the 5-year span. Further, it is sporting a 0.76 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.88. 53.6 percent is the gross profit margin for Delta Air Lines, Inc. and operating margin sits at 12.2 percent. Along with this, the net profit margin is 7.9 percent.
On 11th of January, Delta Air Lines, Inc. (NYSE:DAL) shares ended lower after a volatile session. The shares dropped -0.17 points or -0.35 percent at $48.56 with a light trade volume of 6.577 million shares. After opening the session at $48.22, the shares went as high as $48.67 and as low as $47.59, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $33.4 billion and now has 688.02 million shares outstanding. Delta Air Lines, Inc. (DAL) stock has lost -13.12 percent of market value in 21 trading days.
DAL stock has a trailing 3-year beta of 1.19, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $5.17 a share in the trailing twelve months. The stock’s value has fallen -2.69 percent year to date (YTD) against a decline of -13.07 percent in 12 month’s time. The company’s shares still trade -20.81 percent away from its 1-year high of $61.32 and 7.72 percent up from 52-week low of $45.08. The average consensus rating on the company is 1.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.