American Airlines Group Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:AAL)
Shares of American Airlines Group (NASDAQ:AAL) have been given a consensus rating of “Buy” by the thirteen ratings firms that are currently covering the company, AnalystRatingsNetwork reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $45.13.
Shares of American Airlines Group (NASDAQ:AAL) traded down 5.83% on Thursday, hitting $39.8263. The stock had a trading volume of 8,126,258 shares. American Airlines Group has a 52 week low of $15.28 and a 52 week high of $44.43. The stock’s 50-day moving average is $38.88 and its 200-day moving average is $33.80. The company’s market cap is $28.683 billion. American Airlines Group also was the target of a large decrease in short interest in the month of May. As of May 30th, there was short interest totalling 12,021,916 shares, a decrease of 10.2% from the May 15th total of 13,383,974 shares. Based on an average daily trading volume, of 8,763,721 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.7% of the company’s stock are short sold.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 24th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. The company had revenue of $10.00 billion for the quarter, compared to the consensus estimate of $10.02 billion. The company’s revenue for the quarter was up 63.9% on a year-over-year basis. On average, analysts predict that American Airlines Group will post $5.24 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of American Airlines Group from $43.59 to $50.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of American Airlines Group in a research note on Monday, May 5th. They set a “buy” rating and a $45.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Airlines Group in a research note on Thursday, May 1st. They now have a $55.00 price target on the stock.
American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).
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