5 Most Undervalued Travel Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 53

PE Ratio as of January 27: 19.07

Delta Air Lines, Inc. (NYSE:DAL) is among the most undervalued travel stocks to buy according to hedge funds. Of the 920 hedge funds in Insider Monkey’s database, 52 hedge funds had stakes in Delta as of the end of the third quarter, up from 49 hedge funds from the previous quarter. The total worth of these stakes was $1.3 billion.

Earlier in January, Morgan Stanley analyst Ravi Shanker gave bullish comments on Delta Air Lines, Inc. (NYSE:DAL). The analyst said that the “coast is clear” for Delta to “do what it does best… fly a leading airline franchise on the way to earning $7 EPS.”

The analyst believes Delta Air Lines, Inc. (NYSE:DAL) is in a strong position to take advantage of the strong demand in the travel industry. Referring to the soft Q1 guidance by Delta Air Lines, Inc. (NYSE:DAL), Shanker said it was the result of “idiosyncratic quirks” on the timing of costs.