American Airlines Group (NASDAQ:AAL – Free Report) had its price objective trimmed by Citigroup from $15.25 to $13.00 in a research report report published on Wednesday, Marketbeat.com reports.
A number of other equities analysts also recently commented on AAL. TheStreet upgraded American Airlines Group from a d+ rating to a c rating in a report on Thursday, July 20th. Royal Bank of Canada upgraded shares of American Airlines Group to an outperform rating in a research note on Tuesday, June 6th. Jefferies Financial Group cut their target price on shares of American Airlines Group from $16.00 to $15.00 and set a hold rating for the company in a research report on Friday, September 29th. StockNews.com downgraded American Airlines Group from a buy rating to a hold rating in a research report on Friday, August 25th. Finally, Sanford C. Bernstein lowered their target price on American Airlines Group from $26.00 to $23.00 and set an outperform rating on the stock in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, American Airlines Group has an average rating of Hold and a consensus target price of $18.44.
Get Our Latest Report on American Airlines Group
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its quarterly earnings results on Thursday, July 20th. The airline reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.33. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.74 billion. American Airlines Group had a negative return on equity of 45.44% and a net margin of 4.98%. American Airlines Group’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, analysts expect that American Airlines Group will post 2.62 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of American Airlines Group by 98,063.6% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,300,495 shares of the airline’s stock worth $1,727,631,000 after buying an additional 96,202,393 shares during the period. Vanguard Group Inc. boosted its stake in American Airlines Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 69,272,683 shares of the airline’s stock valued at $1,264,227,000 after acquiring an additional 1,126,106 shares during the last quarter. Renaissance Technologies LLC grew its holdings in American Airlines Group by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 17,107,332 shares of the airline’s stock worth $306,906,000 after acquiring an additional 1,384,800 shares during the period. Geode Capital Management LLC raised its position in shares of American Airlines Group by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 14,653,004 shares of the airline’s stock valued at $262,507,000 after acquiring an additional 455,473 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of American Airlines Group by 15.3% in the 1st quarter. Two Sigma Advisers LP now owns 12,281,900 shares of the airline’s stock valued at $181,158,000 after purchasing an additional 1,626,700 shares during the period. 58.50% of the stock is currently owned by institutional investors.
About American Airlines Group
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, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
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