In today’s recent session, 5.62 million shares of the American Airlines Group Inc (NASDAQ:AAL) have been traded, and its beta is 1.43. Most recently the company’s share price was $13.65, and it changed around $0.05 or 0.40% from the last close, which brings the market valuation of the company to $8.97B. AAL at last check was trading at a discount to its 52-week high of $16.15, offering almost -18.32% off that amount. The share price’s 52-week low was $9.07, which indicates that the recent value has risen by an impressive 33.55% since then. We note from American Airlines Group Inc’s average daily trading volume that its 10-day average is 38.74 million shares, with the 3-month average coming to 35.53 million.
American Airlines Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.46. If we narrow it down even further, the data shows that 2 out of 18 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 7 recommended AAL as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. American Airlines Group Inc is expected to report earnings per share of 0.41 for the current quarter.
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American Airlines Group Inc (NASDAQ:AAL) trade information
Instantly AAL has been showing a green trend so far today with a performance of 0.40% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.85 on recent trading dayincreased the stock’s daily price by 1.44%. The company’s shares are currently down -0.62% year-to-date, but still up 5.36% over the last five days. On the other hand, American Airlines Group Inc (NASDAQ:AAL) is 21.49% up in the 30-day period. We can see from the shorts that 81.87 million shares have been sold at a short interest cover period of 2.04 day(s).
The consensus price target as assigned by Wall Street analysts is $17.95, which translates to bulls needing to increase their stock price by 23.96% from its current value. Analyst projections state that AAL is forecast to be at a low of $9 and a high of $47.
American Airlines Group Inc (AAL) estimates and forecasts
American Airlines Group Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.07 percent over the past six months and at a -48.30% annual growth rate that is well below the industry average of -16.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 41.40% in revenue this quarter, and will report an increase of 97.10% in the next quarter. The year-over-year growth rate is expected to be 1.60%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 13.16B in revenue for the current quarter. 6 analysts expect American Airlines Group Inc to make 12.99B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.06B and 12.6B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.80%. Forecasts for the next quarter put sales growth at 3.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.73%. American Airlines Group Inc earnings are expected to increase by -44.44% in 2024, but the outlook is negative -5.27% per year for the next five years.
AAL Dividends
American Airlines Group Inc’s next quarterly earnings report is expected to be released on 2025-Jan-23. The average dividend yield for the past five years averaged 1.27 per year.
American Airlines Group Inc (NASDAQ:AAL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.27% of American Airlines Group Inc shares, and 62.43% of them are in the hands of institutional investors. The stock currently has a share float of 63.24%. American Airlines Group Inc stock is held by 773.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.2935% of the shares, which is about 74.07 million shares worth $839.19 million.
PRIMECAP MANAGEMENT CO/CA/, with 8.673% or 56.88 million shares worth $644.47 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 26.03 shares worth $356.54 million, making up 3.96% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 20.49 shares worth around $280.58 million, which represents about 3.12% of the total shares outstanding.
