American Airlines Group Inc. [AAL] stock Upgrade by JP Morgan analyst, price target now $26


American Airlines Group Inc. [NASDAQ: AAL] closed the trading session at $13.90 on 06/24/22. The day’s price range saw the stock hit a low of $12.885, while the highest price level was $13.96. The company report on June 16, 2022 that Vueling joins forces with BitPay and UATP to accept cryptocurrencies as an alternative method of payment.

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The airline signs an agreement with the world’s largest provider of Bitcoin and cryptocurrency payment services.

Vueling, an airline part of IAG, and BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, have reached an agreement allowing the airline’s customers to make payments through this digital means of exchange.

The stocks have a year to date performance of -22.61 percent and weekly performance of 14.31 percent. The stock has been moved at -23.88 percent over the last six months. The stock has performed -10.32 percent around the most recent 30 days and changed -16.87 percent over the most recent 3-months.

If compared to the average trading volume of 36.40M shares, AAL reached to a volume of 41167620 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $19.67 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 2.90. 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.

JP Morgan have made an estimate for American Airlines Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 22, 2022. The new note on the price target was released on April 22, 2022, representing the official price target for American Airlines Group Inc. stock.

The Average True Range (ATR) for American Airlines Group Inc. is set at 0.92, with the Price to Sales ratio for AAL stock in the period of the last 12 months amounting to 0.24.

AAL stock trade performance evaluation

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 14.31. With this latest performance, AAL shares dropped by -10.32% in over the last four-week period, additionally sinking by -23.88% over the last 6 months – not to mention a drop of -37.81% 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 42.76, with the RSI for the last a single of trading hit 45.61, and the three-weeks RSI is set at 42.62 for American Airlines Group Inc. [AAL]. The present Moving Average for the last 50 days of trading for this stock 16.81, while it was recorded at 13.19 for the last single week of trading, and 17.92 for the last 200 days.

American Airlines Group Inc. [AAL]: An insightful look at the core 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 -16.95 and a Gross Margin at +0.09. American Airlines Group Inc.’s Net Margin is presently recorded at -6.67.

American Airlines Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for American Airlines Group Inc. [AAL] stock

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Airlines Group Inc. go to 16.09%.

American Airlines Group Inc. [AAL]: Insider Ownership positions

There are presently around $5,015 million, or 56.00% of AAL stock, in the hands of institutional investors. The top three institutional holders of AAL stocks are: VANGUARD GROUP INC with ownership of 69,272,683, which is approximately 1.652% of the company’s market cap and around 1.20% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 40,081,381 shares of the stock with an approximate value of $557.13 million in AAL stocks shares; and BLACKROCK INC., currently with $483.16 million in AAL stock with ownership of nearly -2.626% of the company’s market capitalization.

Positions in American Airlines Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 260 institutional holders increased their position in American Airlines Group Inc. [NASDAQ:AAL] by around 40,361,269 shares. Additionally, 264 investors decreased positions by around 28,725,658 shares, while 126 investors held positions by with 291,732,990 shares. The mentioned changes placed institutional holdings at 360,819,917 shares, according to the latest SEC report filing. AAL stock had 64 new institutional investments in for a total of 5,592,104 shares, while 82 institutional investors sold positions of 4,404,256 shares during the same period.