In yesterday’s Wall Street session, American Airlines Group Inc (NASDAQ:AAL) shares traded at $14.11, up 1.07% from the previous session.
AAL stock price is now -2.80% away from the 50-day moving average and -1.86% away from the 200-day moving average. The market capitalization of the company currently stands at $9.24B.
With the price target enhanced from $14 to $20, Citigroup Upgraded its rating from Neutral to Buy for American Airlines Group Inc (NASDAQ: AAL). On January 22, 2024, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $17, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Raja Vasu, EVP Chief Commercial Officer sold 7,545 shares of the company’s stock on Dec 14 ’23. The stock was sold for $107,894 at an average price of $14.30. Upon completion of the transaction, the EVP Chief Commercial Officer now directly owns 321,608 shares in the company, valued at $4.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’23, EVP Chief Commercial Officer Raja Vasu sold 5,121 shares of the business’s stock. A total of $62,937 was realized by selling the stock at an average price of $12.29. This leaves the insider owning 334,049 shares of the company worth $4.71 million. A total of 2.00% of the company’s stock is owned by insiders.
During the past 12 months, American Airlines Group Inc has had a low of $10.86 and a high of $19.08. According to the stock market information, the enterprise value for the company is $42.23B, which is based on a 12.97 price-to-earnings ratio, a 0.27 price-to-earnings-growth ratio, and a beta of 1.59. The fifty day moving average price for AAL is $14.54 and a two-hundred day moving average price translates $14.37 for the stock.
The latest earnings results from American Airlines Group Inc (NASDAQ: AAL) was released for Dec, 2023. According to the Airlines Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.1 by 0.19. This compares to $1.37 EPS in the same period last year. The company reported revenue of $13.06 billion for the quarter, compared to $13.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.96 percent. For the current quarter, analysts expect AAL to generate $12.57B in revenue.
