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

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American Airlines Group Inc. [NASDAQ: AAL] price surged by 0.51 percent to reach at $0.07. The company report on July 22, 2022 that Gevo Signs Sustainable Aviation Fuel Sales Agreement with American Airlines for 100 Million Gallons Per Year for Five Years.


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Agreement valued at approximately $2.75 billion over five years.

Gevo, Inc. (NASDAQ: GEVO) is pleased to announce a new fuel sales agreement with American Airlines, Inc. (NASDAQ: AAL). The agreement sets forth the terms for the sale of 100 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Gevo’s delivery of SAF under this agreement is expected to begin in 2026. Gevo estimates that the agreement should generate approximately $2.75 billion of revenue over the five-year term, inclusive of the value of environmental benefits. The Agreement with American Airlines is the single, largest fuel sales agreement ever entered into by Gevo with a customer.

A sum of 28231658 shares traded at recent session while its average daily volume was at 35.78M shares. American Airlines Group Inc. shares reached a high of $13.80 and dropped to a low of $13.3031 until finishing in the latest session at $13.75.

The one-year AAL stock forecast points to a potential upside of 18.78. The average equity rating for AAL stock is currently 3.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $16.93 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 3.00. 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.

Argus have made an estimate for American Airlines Group Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 08, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $18 to $26. The new note on the price target was released on April 22, 2022, representing the official price target for American Airlines Group Inc. stock. Previously, the target price had yet another raise to $24, while Argus analysts kept a Buy rating on AAL stock.

The Average True Range (ATR) for American Airlines Group Inc. is set at 0.80, with the Price to Sales ratio for AAL stock in the period of the last 12 months amounting to 0.23.

AAL Stock Performance Analysis:

American Airlines Group Inc. [AAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.43. With this latest performance, AAL shares gained by 5.93% in over the last four-week period, additionally sinking by -15.64% over the last 6 months – not to mention a drop of -35.14% 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 45.03, with the RSI for the last a single of trading hit 43.47, and the three-weeks RSI is set at 45.14 for American Airlines Group Inc. [AAL]. The present Moving Average for the last 50 days of trading for this stock 14.91, while it was recorded at 14.38 for the last single week of trading, and 17.28 for the last 200 days.

Insight into American Airlines Group Inc. 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.

AAL Stock EPS

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 Position Details

There are presently around $4,957 million, or 56.10% 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 $551.12 million in AAL stocks shares; and BLACKROCK INC., currently with $477.95 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 July and at the time of the July reporting period, where 262 institutional holders increased their position in American Airlines Group Inc. [NASDAQ:AAL] by around 39,723,758 shares. Additionally, 252 investors decreased positions by around 28,750,526 shares, while 126 investors held positions by with 292,024,065 shares. The mentioned changes placed institutional holdings at 360,498,349 shares, according to the latest SEC report filing. AAL stock had 61 new institutional investments in for a total of 5,300,170 shares, while 82 institutional investors sold positions of 4,458,561 shares during the same period.

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