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Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Comfort+ now available as a fare for flights to Asia and Latin America

[PR Newswire] – ATLANTA, May 23, 2016 /PRNewswire/ — Delta (NYSE: DAL) has expanded Delta Comfort+ fares to more markets, making it easier to shop and buy Delta’s menu of products. Customers can now purchase Delta Comfort+ … Read more on this. Delta Air Lines, Inc. (DAL) , valued at $33.03B, started trading this morning at $43.00. A quick look at the market, the company’s stock traded between $42.91 and $43.60 with its 52-week range being $34.61 to $52.77. Delta (DAL) shares are currently priced at 6.58x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.23x earnings multiple for the same period. The company pays shareholders $0.54 per share annually in dividends, yielding 1.25%. 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 $0.10 sequential decrease. The full-year EPS estimate is $6.55, which would be a $1.94 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.64 Billion. If realized, that would be a 0.65% 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. The average price target for DAL shares is $62.21, which is 44.67% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Stock Update (NYSE:DAL): Delta Air Lines to Present at Bank of America Merrill Lynch 2016 Transportation Conference Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results
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