During the recent session, American Airlines Group Inc (NASDAQ:AAL)’s traded shares were 4.32 million, with the beta value of the company hitting 1.43. The 52-week high for the AAL share is $16.15, that puts it down -37.33 from that peak though still a striking 22.87% gain since the share price plummeted to a 52-week low of $9.07. The company’s market capitalization is $7.72B, and the average intraday trading volume over the past 10 days was 34.87 million shares, and the average trade volume was 37.51 million shares over the past three months.
American Airlines Group Inc (AAL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.46. AAL has a Sell rating from 1 analyst(s) out of 13 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.15.
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American Airlines Group Inc (NASDAQ:AAL) trade information
American Airlines Group Inc (AAL) registered a -0.04% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.04% in intraday trading to $11.76, hitting a weekly high. The stock’s 5-day price performance is 2.13%, and it has moved by 8.04% in 30 days. Based on these gigs, the overall price performance for the year is -5.81%. The short interest in American Airlines Group Inc (NASDAQ:AAL) is 84.43 million shares and it means that shorts have 2.1 day(s) to cover.
The consensus price target of analysts on Wall Street is $17.95, which implies an increase of 34.48% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $47 respectively. As a result, AAL is trading at a discount of -299.66% off the target high and 23.47% off the low.
American Airlines Group Inc (AAL) estimates and forecasts
Statistics show that American Airlines Group Inc has underperformed its competitors in share price, compared to the industry in which it operates. American Airlines Group Inc (AAL) shares have gone down -10.61% during the last six months, with a year-to-date growth rate less than the industry average at -53.96% against -18.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -60.50% this quarter and then drop -6.90% in the quarter after that. In the rating firms’ projections, revenue will increase 1.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 13.47B as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 13.17B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 13.51B and 13.06B respectively. In this case, analysts expect current quarter sales to shrink by -0.30% and then jump by 0.90% 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 -17.73%. While earnings are projected to return -52.43% in 2024, the next five years will return -5.28% per annum.
AAL Dividends
American Airlines Group Inc is due to release its next quarterly earnings on 2024-Oct-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 1.27%.
American Airlines Group Inc (NASDAQ:AAL)’s Major holders
American Airlines Group Inc insiders own 1.27% of total outstanding shares while institutional holders control 62.60%, with the float percentage being 63.40%. VANGUARD GROUP INC is the largest shareholder of the company, while 782.0 institutions own stock in it. As of 2024-06-30, the company held over 74.07 million shares (or 11.2935% of all shares), a total value of $839.19 million in shares.
The next largest institutional holding, with 56.88 million shares, is of PRIMECAP MANAGEMENT CO/CA/’s that is approximately 8.673% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $644.47 million.
