American Airlines Group (AAL) PT Lowered to $46.00

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American Airlines Group (NASDAQ:AAL) had its price objective decreased by stock analysts at Cowen from $48.00 to $46.00 in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the airline’s stock. Cowen’s target price would suggest a potential upside of 45.52% from the company’s current price.

Several other brokerages have also recently issued reports on AAL. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 27th. BidaskClub cut shares of American Airlines Group from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Morgan Stanley set a $39.00 target price on shares of American Airlines Group and gave the stock a “hold” rating in a report on Friday, October 5th. Imperial Capital decreased their target price on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, July 12th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Two equities research 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 stock has an average rating of “Hold” and a consensus target price of $52.31.

NASDAQ:AAL opened at $31.61 on Tuesday. American Airlines Group has a one year low of $31.59 and a one year high of $59.08. The company has a debt-to-equity ratio of -25.16, a quick ratio of 0.46 and a current ratio of 0.55. The stock has a market cap of $19.03 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 26th. The airline reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The business had revenue of $11.64 billion for the quarter, compared to analyst estimates of $11.67 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. American Airlines Group’s quarterly revenue was up 3.7% on a year-over-year basis. Research analysts anticipate that American Airlines Group will post 4.66 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Envestnet Asset Management Inc. raised its holdings in shares of American Airlines Group by 71.4% during the first quarter. Envestnet Asset Management Inc. now owns 5,384 shares of the airline’s stock valued at $253,000 after purchasing an additional 2,242 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of American Airlines Group by 395.0% during the first quarter. Federated Investors Inc. PA now owns 17,717 shares of the airline’s stock valued at $921,000 after purchasing an additional 14,138 shares during the last quarter. Natixis Advisors L.P. raised its holdings in shares of American Airlines Group by 20.6% during the first quarter. Natixis Advisors L.P. now owns 17,542 shares of the airline’s stock valued at $911,000 after purchasing an additional 2,991 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of American Airlines Group by 175.6% during the first quarter. Russell Investments Group Ltd. now owns 278,392 shares of the airline’s stock valued at $14,437,000 after purchasing an additional 177,377 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of American Airlines Group during the first quarter valued at approximately $310,000. 82.24% of the stock is owned by hedge funds and other institutional investors.

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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