5 Best Travel Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 56

Delta Air Lines, Inc. (NYSE:DAL) is one of the top airlines in the U.S. and one of the best travel stocks. The company is one of the oldest airlines in the world and provides its services in 60 countries and for more than 300 destinations.

On October 12, Delta Air Lines, Inc. (NYSE:DAL) posted its Q3 non-GAAP EPS of $2.03 which topped the analysts’ estimates by $0.08. The company also outperformed the revenue estimates by $360 million and its revenue increased by 10.8% YoY to $15.49 billion.

On October 13, JPMorgan analyst Jamie Baker maintained an Overweight rating on Delta Air Lines, Inc. (NYSE:DAL) stock and lowered the price target to $68 from $71, citing the Q3 earnings report as a good start to the season.

Delta Air Lines, Inc. (NYSE:DAL) was mentioned in Patient Capital Management’s second-quarter 2023 investor letter. Here is what it said:

“We like other names mostly ignored by the market for similar reasons. Names like Expedia (EXPE), General Motors (GM) and Delta Air Lines, Inc. (NYSE:DAL). These companies have strong returns on capital (14%+), good competitive positions, cheap valuations (all double-digit free cash flow yields), and are returning capital to shareholders. We trust the managements to take advantage of their depressed stock prices and create long-term shareholder value.”