Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $52.46 on Delta Air Lines, Inc. (NYSE:DAL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.76 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Delta Air Lines, Inc. (NYSE:DAL) stands at 6.15.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Delta Air Lines, Inc. Common St, the PEG ratio for coming 3-5 years is 0.58.
The technical analysis highlights that Delta Air Lines, Inc. Common St current is trading $0.34 points away or +0.91% from its 50-day moving average of $37.41. Further it is trading $-4.25 or -10.11% away its 200-day moving average of $42.00.
The 52-week high of Delta Air Lines, Inc. (NYSE:DAL) was $52.77 while lowest point recorded in 52-week was $32.60. It implies if stock price makes a movement of over $-15.02, it will record a new 52-week high. In the case of +15.80% drop, it will touch a new 52-week low.
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