[PR Newswire] – WASHINGTON, March 28, 2016 /PRNewswire/ — Delta is stepping up to the plate in Washington with a new five-year sponsorship agreement to be the Official Airline and Official Private Jet Carrier of the Washington Nationals. “As a proud supporter of America’s pastime, Delta is excited to welcome the Washington Nationals to the roster of MLB teams we sponsor across the country,” said Tim Mapes, Delta’s Senior Vice President – Marketing. Under Delta’s new agreement with the Nationals, the airline will fly the team to and from every away game. Read more on this. Delta Air Lines, Inc. (DAL) , with a current value of $37.65B, started trading this morning at $47.90. Looking at the equity, the company’s one day range is $47.77 to $48.39 with a trailing 52-week range being $34.61 to $52.77. Priced at 7.08x this year’s forecasted earnings, DAL shares are relatively inexpensive compared to the industry’s 9.54x 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 1.13%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $1.28 per share, which would be $0.83 better than the year-ago quarter and a $0.08 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $6.76, which would be a $2.15 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.24 Billion. If reported, that would be a 1.60% decrease over the year-ago quarter. More recently, Deutsche Bank upgraded DAL from Hold to Buy (Sep 1, 2015). Previously, Wolfe Research upgraded DAL from Peer Perform to Outperform. With the above information in mind, readers should note that the average price target is $65.08, which is 35.87% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Market Update (NYSE:DAL): Shares of Brazil’s Gol seesaw on talk of Delta capital injection Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Named Leading Airline by Business Travelers for Unprecedented Fifth Consecutive Year Market Update (NYSE:DAL): Delta, The Delta Air Lines Foundation Invest $5 Million in Georgia Tech