Shares of American Airlines Group Inc (NASDAQ:AAL) have received an average rating of “Hold” from the twenty-two brokerages that are covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.43.
AAL has been the topic of several recent research reports. Berenberg Bank cut American Airlines Group from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Wednesday, September 2nd. Raymond James raised American Airlines Group from an “underperform” rating to a “market perform” rating in a research report on Monday, July 27th. Seaport Global Securities began coverage on American Airlines Group in a research report on Wednesday, June 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Stifel Nicolaus cut their price objective on American Airlines Group from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Finally, ValuEngine raised American Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 1st.
NASDAQ AAL opened at $13.80 on Thursday. The stock’s 50 day moving average is $12.85 and its 200 day moving average is $12.76. American Airlines Group has a 12 month low of $8.25 and a 12 month high of $31.67. The stock has a market cap of $7.02 billion, a PE ratio of -1.69 and a beta of 1.75.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 23rd. The airline reported ($7.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($7.03) by ($0.79). The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.52 billion. American Airlines Group had a negative return on equity of 124.31% and a negative net margin of 10.40%. The firm’s revenue was down 86.4% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. As a group, sell-side analysts predict that American Airlines Group will post -18.92 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of AAL. Vanguard Group Inc. boosted its position in shares of American Airlines Group by 22.4% during the 2nd quarter. Vanguard Group Inc. now owns 53,257,207 shares of the airline’s stock worth $696,072,000 after acquiring an additional 9,732,371 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of American Airlines Group by 147.9% during the second quarter. U S Global Investors Inc. now owns 7,760,507 shares of the airline’s stock valued at $101,430,000 after acquiring an additional 4,629,506 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of American Airlines Group by 3.4% during the first quarter. Geode Capital Management LLC now owns 6,420,658 shares of the airline’s stock valued at $78,155,000 after acquiring an additional 213,293 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of American Airlines Group by 19.0% during the second quarter. Bank of New York Mellon Corp now owns 3,658,985 shares of the airline’s stock valued at $47,822,000 after acquiring an additional 585,139 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of American Airlines Group by 17.7% during the first quarter. Parametric Portfolio Associates LLC now owns 2,803,684 shares of the airline’s stock valued at $34,177,000 after acquiring an additional 421,407 shares in the last quarter. 55.68% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Company Profile
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, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and 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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