#4 - Delta Air Lines (NYSE:DAL)
On April 24, 2024, the March reading on durable goods orders beat expectations. One reason for the beat was non-defense aircraft, which surged by 30.6%. Is it a coincidence that earlier in April, Delta Air Lines Inc. (NYSE: DAL) kicked off earnings season with a strong beat on the top and bottom lines.
The company also raised its guidance for the second half of 2024, anticipating that strong demand will continue. Delta is crediting a revival of business travel as a key reason for the resurgence in demand. And as the revenue comes in, the airline is strengthening its balance sheet, which means it will likely continue to raise its dividend, which it had cut sharply in 2020 at the onset of the pandemic.
The Delta Air Lines Analyst Ratings on MarketBeat give DAL stock a consensus Buy rating with a price target of $58.29, which is a 21.9% increase from the stock price on April 24, 2024.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
Read More - Current Price
- $63.05
- Consensus Rating
- Buy
- Ratings Breakdown
- 14 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $72.75 (15.4% Upside)
