In yesterday’s Wall Street session, American Airlines Group Inc (NASDAQ:AAL) shares traded at $11.29, up 1.90% from the previous session.
As of this writing, 22 analysts cover American Airlines Group Inc (NASDAQ:AAL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $8.00, we find $14.50. Given the previous closing price of $11.08, this indicates a potential upside of 30.87 percent. AAL stock price is now -16.52% away from the 50-day moving average and -24.96% away from the 200-day moving average. The market capitalization of the company currently stands at $7.38B.
There are 16 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $15.03 as their price target over the next twelve months.
With the price target reduced from $16 to $10, TD Cowen maintained Market Perform rating for American Airlines Group Inc (NASDAQ: AAL).
In other news, STEENLAND DOUGLAS M, Director sold 1,950 shares of the company’s stock on May 15. The stock was sold for $27,495 at an average price of $14.10. Upon completion of the transaction, the Director now directly owns 29,736 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12, Director STEENLAND DOUGLAS M sold 2,000 shares of the business’s stock. A total of $27,768 was realized by selling the stock at an average price of $13.88. This leaves the insider owning 31,686 shares of the company worth $0.36 million. Insiders disposed of 487,231 shares of company stock worth roughly $5.5 million over the past 1 year. A total of 1.57% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AAL stock. A new stake in American Airlines Group Inc shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $53,393,000. POINT72 ASSET MANAGEMENT, L.P. invested $20,249,000 in shares of AAL during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in American Airlines Group Inc valued at approximately $13,179,000. TB ALTERNATIVE ASSETS LTD. acquired a new stake in AAL for approximately $8,112,000. HOLOCENE ADVISORS, LP purchased a new stake in AAL valued at around $6,034,000 in the second quarter. In total, there are 759 active investors with 58.96% ownership of the company’s stock.
Monday morning saw American Airlines Group Inc (NASDAQ: AAL) opened at $11.02. During the past 12 months, American Airlines Group Inc has had a low of $11.04 and a high of $19.08. The fifty day moving average price for AAL is $13.44 and a two-hundred day moving average price translates $15.03 for the stock.
The latest earnings results from American Airlines Group Inc (NASDAQ: AAL) was released for Sep, 2023. According to the Airlines Company, earnings per share came in at $0.38, beating analysts’ expectations of $0.25 by 0.13. This compares to $0.67 EPS in the same period last year. The company reported revenue of $13.48 billion for the quarter, compared to $13.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.15 percent. For the current quarter, analysts expect AAL to generate $13.1B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/19/2020. Investors who held shares on 02/05/2020 were paid a $0.10 dividend.
American Airlines Group Inc(AAL) Company Profile
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2022, it operated a mainline fleet of 925 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1926 and is headquartered in Fort Worth, Texas.
