5 Best Aviation Stocks To Buy According To Analysts

1. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 53

Average Upside Potential: 25.71%

Average Analyst Price Target: $54.53

Delta Air Lines, Inc. (NYSE:DAL) is an air transportation provider offering services for passengers and cargo domestically and internationally. The company operates through two segments, Airline and Refinery, with a significant presence in different hubs across the United States and key international locations. Delta Air Lines, Inc. (NYSE:DAL) is one of the best airline stocks to monitor. On February 8, the company declared a quarterly dividend of $0.10 per share, in line with previous. The dividend is payable on March 18, to shareholders on record as of February 26. 

According to Insider Monkey’s fourth quarter database, 53 hedge funds were long Delta Air Lines, Inc. (NYSE:DAL), same as the last quarter. Thomas E. Claugus’ GMT Capital is the largest stakeholder of the company, with 6.8 million shares worth $273.4 million. 

Carillon Scout Mid Cap Fund made the following comment about Delta Air Lines, Inc. (NYSE:DAL) in its Q3 2023 investor letter:

“The third largest detractor was Delta Air Lines, Inc. (NYSE:DAL), which pulled back after a sharp rally earlier in the year and as higher oil prices hurt sentiment on airlines overall. While weaker domestic fare prices have weighed on the stock price, stronger demand for international travel has improved the company’s profitability.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 12 Best Remote Jobs That Pay at Least $50 an Hour and 25 Countries with Most Gold Reserves in 2024.