Thursday, March 4, 2021

Seaport Global Securities lifts American Airlines Group Inc. [AAL] price estimate. Who else is bullish?

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American Airlines Group Inc. [NASDAQ: AAL] traded at a high on 02/12/21, posting a 1.65 gain after which it closed the day’ session at $17.27. The company report on February 2, 2021 that Short Squeeze Stockbrokers And Hedge Funds Face Proposed Antitrust Class Action.

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The Joseph Saveri Law Firm filed an antitrust class action lawsuit on behalf of a class of retail investors in federal court against 35 defendants, including Robinhood, E*TRADE, TD Ameritrade, Melvin Capital, Citadel, Sequoia Capital, and others. The plaintiffs allege that they and other retail investors continue to be injured due to a large, overarching conspiracy among the defendants to stop them from buying stocks in open and fair public securities markets. Plaintiffs contend that the purpose and effect of the scheme was to shield hedge funds, venture capitalists, and institutional investors from massive losses they had exposed themselves to due to their highly speculative short selling strategies. Plaintiffs bring claims under the federal and state antitrust laws as well as other state laws and common law.


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The retail investors held shares in twelve companies: GameStop (GME), AMC Theaters (AMC), American Airlines (AAL), Bed, Bath and Beyond (BBBY), Blackberry (BB), Express (EXPR), Koss (KOSS), Naked Brand Group (NAKD), Nokia (NOK), Sundial Growers Inc. (SNDL), Tootsie Roll Industries (TR), and Trivago N.V. (TRVG).

The results of the trading session contributed to over 27522540 shares changing hands. Over the past one week, the price volatility of American Airlines Group Inc. stands at 3.35% while the volatility over the past one month is 5.91%.

The market cap for AAL stock reached $10.56 billion, with 621.48 million shares outstanding and 615.23 million shares in the current float. Compared to the average trading volume of 75.10M shares, AAL reached a trading volume of 27522540 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about American Airlines Group Inc. [AAL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AAL shares is $11.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AAL stock is a recommendation set at 3.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for American Airlines Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 01, 2021. The new note on the price target was released on January 11, 2021, representing the official price target for American Airlines Group Inc. stock. Previously, the target price had yet another raise from $18 to $20, while Deutsche Bank kept a Hold rating on AAL stock.

The Average True Range (ATR) for American Airlines Group Inc. is set at 0.87, with the Price to Sales ratio for AAL stock in the period of the last 12 months amounting to 0.61.

How has AAL stock performed recently?

American Airlines Group Inc. [AAL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.47. With this latest performance, AAL shares gained by 11.20% in over the last four-week period, additionally plugging by 29.85% over the last 6 months – not to mention a drop of -42.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AAL stock in for the last two-week period is set at 55.69, with the RSI for the last a single of trading hit 55.02, and the three-weeks RSI is set at 55.91 for American Airlines Group Inc. [AAL]. The present Moving Average for the last 50 days of trading for this stock 16.38, while it was recorded at 17.38 for the last single week of trading, and 13.54 for the last 200 days.

American Airlines Group Inc. [AAL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and American Airlines Group Inc. [AAL] shares currently have an operating margin of -63.90 and a Gross Margin at -43.81. American Airlines Group Inc.’s Net Margin is presently recorded at -51.25.

Return on Total Capital for AAL is now -32.83, given the latest momentum, and Return on Invested Capital for the company is -30.40. Additionally, AAL Total Debt to Total Capital is recorded at 120.11, with Total Debt to Total Assets ending up at 66.15.

Receivables Turnover for the company is 11.21 with a Total Asset Turnover recorded at a value of 0.28.American Airlines Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Earnings analysis for American Airlines Group Inc. [AAL]

With the latest financial reports released by the company, American Airlines Group Inc. posted -2.65/share EPS, while the average EPS was predicted by analysts to be reported at -2.33/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -13.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AAL.

Insider trade positions for American Airlines Group Inc. [AAL]

There are presently around $5,030 million, or 45.00% of AAL stock, in the hands of institutional investors. The top three institutional holders of AAL stocks are: VANGUARD GROUP INC with ownership of 58,198,918, which is approximately 9.98% of the company’s market cap and around 0.93% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 47,666,106 shares of the stock with an approximate value of $823.19 million in AAL stocks shares; and BLACKROCK INC., currently with $543.67 million in AAL stock with ownership of nearly 8.33% of the company’s market capitalization.

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Positions in American Airlines Group Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 304 institutional holders increased their position in American Airlines Group Inc. [NASDAQ:AAL] by around 46,640,241 shares. Additionally, 193 investors decreased positions by around 36,396,092 shares, while 103 investors held positions by with 208,204,864 shares. The mentioned changes placed institutional holdings at 291,241,197 shares, according to the latest SEC report filing. AAL stock had 110 new institutional investments in for a total of 5,132,470 shares, while 69 institutional investors sold positions of 23,963,497 shares during the same period.

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