In last trading session, American Airlines Group Inc (NASDAQ:AAL) saw 38.21 million shares changing hands with its beta currently measuring 1.43. Company’s recent per share price level of $13.09 trading at $0.28 or 2.19% at ring of the bell on the day assigns it a market valuation of $8.60B. That closing price of AAL’s stock is at a discount of -23.38% from its 52-week high price of $16.15 and is indicating a premium of 30.71% from its 52-week low price of $9.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 34.48 million shares which gives us an average trading volume of 36.51 million if we extend that period to 3-months.
For American Airlines Group Inc (AAL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.46. Splitting up the data highlights that, out of 13 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.15 in the current quarter.
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American Airlines Group Inc (NASDAQ:AAL) trade information
Upright in the green during last session for gaining 2.19%, in the last five days AAL remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $13.09 price level, adding 1.13% to its value on the day. American Airlines Group Inc’s shares saw a change of -4.73% in year-to-date performance and have moved 11.03% in past 5-day. American Airlines Group Inc (NASDAQ:AAL) showed a performance of 17.82% in past 30-days. Number of shares sold short was 84.43 million shares which calculate 2.1 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 17.95 to the stock, which implies a rise of 27.08% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 47. It follows that stock’s current price would jump 31.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 31.25% for stock’s current value.
American Airlines Group Inc (AAL) estimates and forecasts
Statistics highlight that American Airlines Group Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -7.23% of value to its shares in past 6 months, showing an annual growth rate of -53.96% while that of industry is -15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.50% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.47B for the same. And 12 analysts are in estimates of company making revenue of 13.17B in the next quarter. Company posted 13.51B and 13.06B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -17.73% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -52.43% while estimates for its earnings growth in next 5 years are of -5.26%.
American Airlines Group Inc (NASDAQ:AAL)’s Major holders
Insiders are in possession of 1.27% of company’s total shares while institution are holding 62.63 percent of that, with stock having share float percentage of 63.44%. Investors also watch the number of corporate investors in a company very closely, which is 62.63% institutions for American Airlines Group Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AAL for having 74.07 million shares of worth $839.19 million. And as of 2024-06-30, it was holding 11.2935 of the company’s outstanding shares.
The second largest institutional holder is PRIMECAP MANAGEMENT CO/CA/, which was holding about 56.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.673 of outstanding shares, having a total worth of $644.47 million.
