American Airlines Group Inc (NASDAQ: AAL) Is Getting Increasingly Hard To Ignore

Currently, there are 654.27M common shares owned by the public and among those 641.67M shares have been available to trade.

The company’s stock has a 5-day price change of 3.86% and 9.72% over the past three months. AAL shares are trading 11.72% year to date (YTD), with the 12-month market performance up to 9.80% higher. It has a 12-month low price of $10.86 and touched a high of $19.08 over the same period. AAL has an average intraday trading volume of 33.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.71%, 4.82%, and 6.87% respectively.

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Institutional ownership of American Airlines Group Inc (NASDAQ: AAL) shares accounts for 52.39% of the company’s 654.27M shares outstanding.

It has a market capitalization of $10.05B and a beta (3y monthly) value of 1.58. The stock’s trailing 12-month PE ratio is 14.11, while the earnings-per-share (ttm) stands at $1.09. The company has a PEG of 0.29 and a Quick Ratio of 0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.05% over the week and 2.67% over the month.

Analysts forecast that American Airlines Group Inc (AAL) will achieve an EPS of -$0.27 for the current quarter, $1.32 for the next quarter and $3.32 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.35 while analysts give the company a high EPS estimate of -$0.17. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -5.48%, and 33.26% over the next financial year. EPS should grow at an annualized rate of 48.70% over the next five years, compared to -17.73% over the past 5-year period.

Looking at the support for the AAL, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on March 20, 2024, with the firm’s price target at $19. Citigroup coverage for the American Airlines Group Inc (AAL) stock in a research note released on January 29, 2024 offered a Buy rating with a price target of $20. Wolfe Research was of a view on January 22, 2024 that the stock is Outperform, while Jefferies gave the stock Buy rating on January 11, 2024, issuing a price target of $18. Morgan Stanley on their part issued Overweight rating on January 08, 2024.

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