Reviewing The Case For American Airlines Group Inc (AAL) Going Higher

Currently, there are 654.27M common shares owned by the public and among those 646.73M shares have been available to trade.

The company’s stock has a 5-day price change of -0.94% and -24.54% over the past three months. AAL shares are trading -23.00% year to date (YTD), with the 12-month market performance down to -43.12% lower. It has a 12-month low price of $10.34 and touched a high of $18.80 over the same period. AAL has an average intraday trading volume of 33.89 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 -4.09%, -13.04%, and -20.03% respectively.

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Institutional ownership of American Airlines Group Inc (NASDAQ: AAL) shares accounts for 58.98% of the company’s 654.27M shares outstanding.

It has a market capitalization of $6.94B and a beta (3y monthly) value of 1.45. The stock’s trailing 12-month PE ratio is 17.73, while the earnings-per-share (ttm) stands at $0.60. The company has a PEG of 0.39 and a Quick Ratio of 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.34% over the week and 2.48% over the month.

Earnings per share for the fiscal year are expected to decrease by -28.01%, and 36.34% over the next financial year. EPS should grow at an annualized rate of 45.99% 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. TD Cowen stated their Hold rating for the stock in a research note on July 17, 2024, with the firm’s price target at $16-$10. TD Cowen coverage for the American Airlines Group Inc (AAL) stock in a research note released on May 29, 2024 offered a Buy rating with a price target of $16. Seaport Research Partners was of a view on May 29, 2024 that the stock is Neutral, while Jefferies gave the stock Hold rating on May 29, 2024, issuing a price target of $17- $12. UBS on their part issued Buy rating on March 20, 2024.

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