In the latest trading session, 4.48 million American Airlines Group Inc (NASDAQ:AAL) shares changed hands as the company’s beta touched 1.25. With the company’s most recent per share price at $16.61 changed hands at -$0.23 or -1.34% at last look, the market valuation stands at $10.92B. AAL’s current price is a discount, trading about -14.99% off its 52-week high of $19.10. The share price had its 52-week low at $9.07, which suggests the last value was 45.39% up since then. When we look at American Airlines Group Inc’s average trading volume, we note the 10-day average is 42.21 million shares, with the 3-month average coming to 27.76 million.
Analysts gave the American Airlines Group Inc (AAL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.08. If we narrow down to specifics, the data shows that 1 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended AAL as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. American Airlines Group Inc’s EPS for the current quarter is expected to be -0.23.
American Airlines Group Inc (NASDAQ:AAL) trade information
Instantly AAL was in red as seen in intraday trades today. With action -4.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -4.68%, with the 5-day performance at -4.13% in the red. However, in the 30-day time frame, American Airlines Group Inc (NASDAQ:AAL) is -2.09% down. Looking at the short shares, we see there were 45.32 million shares sold at short interest cover period of 1.75 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15.5, meaning bulls need a downside of -7.16% from its recent market value. According to analyst projections, AAL’s forecast low is 9 with 20 as the target high. To hit the forecast high, the stock’s price needs a -20.41% plunge from its current level, while the stock would need to tank 45.82% for it to hit the projected low.
American Airlines Group Inc (AAL) estimates and forecasts
Data shows that the American Airlines Group Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 79.04% over the past 6 months, a 21.94% in annual growth rate that is considerably higher than the industry average of -0.30%. Year-over-year growth is forecast to reach 5.60% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 13.12B. 11 analysts are of the opinion that American Airlines Group Inc’s revenue for the current quarter will be 15.28B. The company’s revenue for the corresponding quarters a year ago was 12.57B and 14.33B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.40%. The estimates for the next quarter sales put growth at 6.58%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20.05%. The 2025 estimates are for American Airlines Group Inc earnings to increase by 22.25%, but the outlook for the next 5-year period is at 23.93% per year.
AAL Dividends
American Airlines Group Inc is expected to release its next quarterly earnings report in March. During the past 5 years, the average dividend yield was 1.27 per year.
American Airlines Group Inc (NASDAQ:AAL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.24% of American Airlines Group Inc shares while 57.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.78%. There are 57.06% institutions holding the American Airlines Group Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.2935% of the shares, roughly 74.07 million AAL shares worth $839.19 million.
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 8.673% or 56.88 million shares worth $644.47 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard/Primecap Fund and iShares Core S&P Midcap ETF. With 26.38 shares estimated at $436.46 million under it, the former controlled 4.02% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 3.21% of the shares, roughly 21.09 shares worth around $348.9 million.
