At the end of the first quarter, some companies fared better on the Eco30 index than others, butt twenty-three percent of all firms on the index rose more than 20% with Delta Air Lines leading gains. The company boosted its share price by 42% followed by EADS and the Japanese firm Astellas Pharma, which saw their stock climb 34.6% and 23.3% respectively.
The North American airline was also the fastest climbing stock in the month of March after posting 17.8% gains. And its stock performance is not the only thing shining. Delta has increased its three-year profit margin by 160%.
It finished last year with earnings in excess of 1 billion dollars. For 2013 investment bank averages forecast more than 2.3 billion dollars in profits and experts believe that this figure could grow another 9% in 2014.
Una cuestión que no es baladí, principalmente si se tiene en cuenta que en la última década la aerolínea norteamericana ha cerrado seis ejercicios con pérdidas. Además, cuenta con una de las recomendaciones de compra más claras del selectivo, sólo por detrás de KDDI y de Astellas Pharma.
This kind of peformance is not trivial considering that Delta has posted a loss for six out of the past ten years. Further, it has one of the highest buy reccomendations on the Eco30 index and is only bested by KDDi and Astellas Pharma in this category.
