During the last session, American Airlines Group Inc. (NASDAQ:AAL)’s traded shares were 29.35 million, with the beta value of the company hitting 1.51. At the end of the trading day, the stock’s price was $14.38, reflecting an intraday gain of 4.20% or $0.58. The 52-week high for the AAL share is $18.22, that puts it down -26.7 from that peak though still a striking 18.98% gain since the share price plummeted to a 52-week low of $11.65. The company’s market capitalization is $9.53B, and the average intraday trading volume over the past 10 days was 24.4 million shares, and the average trade volume was 24.35 million shares over the past three months.
American Airlines Group Inc. (AAL) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.90. AAL has a Sell rating from 1 analyst(s) out of 21 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 3 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.31.
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American Airlines Group Inc. (NASDAQ:AAL) trade information
American Airlines Group Inc. (AAL) registered a 4.20% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.20% in intraday trading to $14.38 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -4.45%, and it has moved by 12.87% in 30 days. Based on these gigs, the overall price performance for the year is -7.23%. The short interest in American Airlines Group Inc. (NASDAQ:AAL) is 69.95 million shares and it means that shorts have 2.54 day(s) to cover.
The consensus price target of analysts on Wall Street is $18.19, which implies an increase of 20.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9.50 and $29.00 respectively. As a result, AAL is trading at a discount of -101.67% off the target high and 33.94% off the low.
American Airlines Group Inc. (AAL) estimates and forecasts
Statistics show that American Airlines Group Inc. has outperformed its competitors in share price, compared to the industry in which it operates. American Airlines Group Inc. (AAL) shares have gone up 2.86% during the last six months, with a year-to-date growth rate more than the industry average at 428.00% against 27.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 72.40% this quarter and then jump 11.60% in the quarter after that. In the rating firms’ projections, revenue will increase 7.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $13.6 billion as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $13.67 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $13.42 billion and $13.46 billion respectively. In this case, analysts expect current quarter sales to grow by 1.40% and then jump by 1.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -46.10%. While earnings are projected to return 106.30% in 2023.
AAL Dividends
American Airlines Group Inc. is due to release its next quarterly earnings between July 19 and July 24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
American Airlines Group Inc. (NASDAQ:AAL)’s Major holders
American Airlines Group Inc. insiders own 1.00% of total outstanding shares while institutional holders control 55.35%, with the float percentage being 55.91%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 744 institutions own stock in it. As of Mar 30, 2023, the company held over 76.34 million shares (or 11.69% of all shares), a total value of $1.13 billion in shares.
The next largest institutional holding, with 37.74 million shares, is of Primecap Management Company’s that is approximately 5.78% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $556.64 million.
Also, the Mutual Funds coming in first place with the largest holdings of American Airlines Group Inc. (AAL) shares are Vanguard Total Stock Market Index Fund and Vanguard/Primecap Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 19.73 million shares. This amounts to just over 3.02 percent of the company’s overall shares, with a $251.01 million market value. The same data shows that the other fund manager holds slightly less at 19.37 million, or about 2.97% of the stock, which is worth about $246.32 million.