Melius initiated coverage on shares of American Airlines Group (NASDAQ:AAL – Get Rating) in a research report report published on Monday, The Fly reports. The firm issued a hold rating on the airline's stock.
AAL has been the topic of a number of other research reports. Susquehanna Bancshares cut their price objective on shares of American Airlines Group from $19.00 to $15.00 and set a neutral rating on the stock in a research note on Tuesday, July 12th. Jefferies Financial Group reiterated a hold rating and set a $20.00 price target on shares of American Airlines Group in a research report on Monday, June 27th. Barclays dropped their price objective on shares of American Airlines Group from $20.00 to $17.00 and set an underweight rating for the company in a report on Tuesday, June 14th. Argus downgraded shares of American Airlines Group from a buy rating to a hold rating in a research report on Friday, July 8th. Finally, Evercore ISI lowered their target price on shares of American Airlines Group from $20.00 to $13.00 and set an in-line rating for the company in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $18.56.
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American Airlines Group Stock Down 0.8 %
Shares of AAL stock opened at $14.84 on Monday. The company's fifty day simple moving average is $14.02 and its two-hundred day simple moving average is $16.11. American Airlines Group has a 52 week low of $11.93 and a 52 week high of $22.35. The stock has a market cap of $9.64 billion, a P/E ratio of -4.90 and a beta of 1.53.
American Airlines Group (NASDAQ:AAL – Get Rating) last issued its earnings results on Thursday, July 21st. The airline reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.03). The business had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.40 billion. During the same quarter in the prior year, the company earned ($1.69) EPS. American Airlines Group's quarterly revenue was up 79.5% on a year-over-year basis. On average, analysts anticipate that American Airlines Group will post -0.94 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in American Airlines Group in the fourth quarter valued at about $739,000. State of New Jersey Common Pension Fund D increased its position in shares of American Airlines Group by 3.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 145,676 shares of the airline's stock worth $2,616,000 after purchasing an additional 5,108 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of American Airlines Group by 389.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 136,100 shares of the airline's stock worth $2,242,000 after purchasing an additional 108,300 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of American Airlines Group by 82.9% during the 4th quarter. Pacer Advisors Inc. now owns 70,797 shares of the airline's stock worth $1,272,000 after acquiring an additional 32,085 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of American Airlines Group by 18.4% during the 4th quarter. Toronto Dominion Bank now owns 211,249 shares of the airline's stock worth $3,794,000 after acquiring an additional 32,821 shares during the period. 53.70% of the stock is currently owned by institutional investors and hedge funds.
About American Airlines Group
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American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
Further Reading
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