Stock Update: Delta Air Lines Inc (NYSE:DAL) – Gogo, Delta Private Jets Team Up To Deliver 4G Service, A New Generation Of Connectivity for Business Aviation

[PR Newswire] – BROOMFIELD, Colo., and ERLANGER, Ky., June 15, 2016 /PRNewswire/ — A first-of-its-kind fleet-wide agreement between Gogo Inc. (GOGO) and Delta Private Jets, Inc. (DPJ) will soon deliver a 4G inflight experience to DPJ’s customers. DPJ, a wholly owned subsidiary of Delta Air Lines (DAL), plans to equip its fleet of more than 70 aircraft with Gogo Biz 4G to provide a superior service to passengers. Read more on this. Delta Air Lines, Inc. (DAL) , currently valued at $30.10B, began trading this morning at $39.37. A quick look at the market, the company’s stock traded between $39.00 and $39.78 with its 52-week range being $34.61 to $52.77. DAL shares are currently priced at 6.14x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 6.17x forward p/e ratio. And for income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.28%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $1.81 per share, which would be $0.54 better than the year-ago quarter and a $0.11 sequential decrease. The full-year EPS estimate is $6.37 which would be a $1.76 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.62 Billion. If reported, that would be a 0.84% decrease over the year-ago quarter. Recently, Deutsche Bank downgraded DAL from Buy to Hold (Apr 1, 2016). Previously, Deutsche Bank upgraded DAL from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $61.14, which is 55.30% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Airlines and Burnham Sterling Close $450 Million in Private Placements, Reaching Over $1 Billion in Total Transactions Stock Update (NYSE:DAL): Delta Increases Commitment to Gogo’s Next-Generation In-flight Wi-Fi Technology Market Update: Delta Air Lines Inc (NYSE:DAL) – Delta to Begin Daily Service Between Los Angeles and Beijing