American Airlines Group (NASDAQ:AAL) had its target price decreased by investment analysts at Bank of America from $18.00 to $5.00 in a report released on Monday, Stock Target Advisor reports. The brokerage currently has an “underperform” rating on the airline’s stock. Bank of America‘s price objective suggests a potential downside of 64.08% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Buckingham Research downgraded American Airlines Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $42.00 to $20.00 in a research report on Thursday, February 27th. Raymond James raised American Airlines Group from a “market perform” rating to an “outperform” rating in a research report on Monday. Barclays downgraded American Airlines Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $44.00 to $20.00 in a research report on Wednesday, March 18th. Evercore ISI downgraded American Airlines Group from an “in-line” rating to an “underperform” rating in a research report on Wednesday, March 11th. Finally, Cfra dropped their price target on American Airlines Group from $35.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Eight analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.14.
AAL opened at $13.92 on Monday. American Airlines Group has a 12-month low of $10.01 and a 12-month high of $35.24. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 135.16. The business’s fifty day simple moving average is $21.14 and its 200-day simple moving average is $26.48. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 3.65, a PEG ratio of 0.58 and a beta of 1.85.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. American Airlines Group had a negative return on equity of 1,414.94% and a net margin of 3.68%. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $11.32 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that American Airlines Group will post 3.13 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Pictet Asset Management Ltd. raised its stake in American Airlines Group by 4.6% in the third quarter. Pictet Asset Management Ltd. now owns 88,501 shares of the airline’s stock valued at $2,387,000 after buying an additional 3,900 shares during the last quarter. Phoenix Holdings Ltd. purchased a new stake in American Airlines Group in the third quarter valued at about $16,555,000. Parametric Portfolio Associates LLC raised its stake in American Airlines Group by 2.5% in the third quarter. Parametric Portfolio Associates LLC now owns 2,178,307 shares of the airline’s stock valued at $58,749,000 after buying an additional 53,764 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in American Airlines Group in the third quarter valued at about $835,000. Finally, Quantum Capital Management purchased a new stake in American Airlines Group in the third quarter valued at about $26,000. 83.67% of the stock is currently owned by institutional investors.
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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