Stock Update (NYSE:DAL): Delta Shuttle Takes Off From Seattle

[PR Newswire] – SEATTLE, May 9, 2016 /PRNewswire/ — In the top three business markets on the West Coast, Delta Air Lines (NYSE: DAL) stands out as the only airline to offer a shuttle product with the introduction of … Read more on this. Delta Air Lines, Inc. (DAL) , with a current market cap of $32.52B, opened at $42.11. During the trading session, DAL traded between $42.11 to $42.84 with a one year range of $34.61 to $52.77. DAL shares are currently priced at 6.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -15.43x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.54 per share annually in dividends, yielding 1.28%. According to a consensus of 14 analysts, the earnings estimate of $1.85 per share would be $0.58 better than the year-ago quarter and a $0.07 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.55, which would be a $1.94 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.63 Billion. If realized, that would be a 0.75% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded DAL from Buy to Hold (Apr 1, 2016). Previously, Deutsche Bank upgraded DAL from Hold to Buy. The average price target for DAL shares by the analysts covering the stock is $62.57, which is 48.59% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta customers among fatalities in Brussels Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta is Bringing More Than Just New Flights to Sea-Tac in 2016