American Airlines Group Receives Average Recommendation of “Buy” from Analysts (NASDAQ:AAL)
Shares of American Airlines Group (NASDAQ:AAL) have received a consensus recommendation of “Buy” from the fourteen analysts that are covering the stock, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $48.82.
Shares of American Airlines Group (NASDAQ:AAL) traded down 2.57% during mid-day trading on Wednesday, hitting $39.46. The stock had a trading volume of 4,453,821 shares. American Airlines Group has a 52 week low of $16.44 and a 52 week high of $44.88. The stock’s 50-day moving average is $39.93 and its 200-day moving average is $38.97. The company’s market cap is $28.415 billion. American Airlines Group also saw a large increase in short interest in August. As of August 15th, there was short interest totalling 16,241,686 shares, an increase of 7.4% from the July 31st total of 15,121,612 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 10,183,308 shares, the days-to-cover ratio is currently 1.6 days.
American Airlines Group (NASDAQ:AAL) last released its earnings data on Thursday, July 24th. The company reported $1.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.93 by $0.05. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.31 billion. The company’s quarterly revenue was up 76.1% on a year-over-year basis. Analysts expect that American Airlines Group will post $5.50 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of American Airlines Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $48.10 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of American Airlines Group from $57.50 to $55.50 in a research note on Thursday, July 31st. Finally, analysts at Goldman Sachs reiterated a “positive” rating on shares of American Airlines Group in a research note on Monday, July 28th.
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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