American Airlines Group (AAL) Given a $37.00 Price Target at Morgan Stanley

American Airlines Group (NASDAQ:AAL) has been assigned a $37.00 price objective by analysts at Morgan Stanley in a research report issued on Thursday. The brokerage presently has a “hold” rating on the airline’s stock. Morgan Stanley’s price target indicates a potential upside of 19.70% from the company’s previous close.

A number of other analysts also recently weighed in on AAL. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 27th. BidaskClub downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Thursday. Imperial Capital decreased their price target on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday. They noted that the move was a valuation call. ValuEngine downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, Citigroup decreased their price target on American Airlines Group from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $52.15.

Shares of American Airlines Group stock opened at $30.91 on Thursday. The company has a debt-to-equity ratio of -25.16, a current ratio of 0.55 and a quick ratio of 0.46. American Airlines Group has a 1-year low of $30.75 and a 1-year high of $59.08. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The firm had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $11.67 billion. During the same period last year, the business posted $1.92 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that American Airlines Group will post 4.66 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of AAL. Exane Derivatives grew its stake in shares of American Airlines Group by 176,700.0% in the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock valued at $136,000 after buying an additional 3,534 shares during the period. Trilogy Capital Inc. grew its stake in shares of American Airlines Group by 10,137.5% in the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after buying an additional 4,055 shares during the period. Assetmark Inc. grew its stake in shares of American Airlines Group by 1,283.6% in the 1st quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock valued at $171,000 after buying an additional 3,055 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at about $185,000. Finally, Princeton Capital Management LLC acquired a new stake in shares of American Airlines Group in the 2nd quarter valued at about $190,000. Institutional investors own 82.24% of the company’s stock.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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