Delta Air Lines Reaches New 52-Week High (DAL)

NEW YORK ( TheStreet) -- Delta Air Lines (NYSE: DAL) hit a new 52-week high Tuesday as it is currently trading at $29.08, above its previous 52-week high of $28.74 with one million shares traded as of 9:50 a.m. ET. Average volume has been 17.6 million shares over the past 30 days.

Delta Air Lines has a market cap of $24.47 billion and is part of the services sector and transportation industry. Shares are up 140.9% year to date as of the close of trading on Monday.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. Its route network is centered around a system of hub and international gateway airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Delta Air Lines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, solid stock price performance, impressive record of earnings per share growth and revenue growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Delta Air Lines Ratings Report.

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