American Airlines Group Inc (NASDAQ:AAL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $10.69, but opened at $11.57. American Airlines Group shares last traded at $13.44, with a volume of 134,352,542 shares traded.
Several equities research analysts have recently issued reports on the stock. Berenberg Bank cut shares of American Airlines Group from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research report on Friday, March 27th. TheStreet cut shares of American Airlines Group from a “c” rating to a “d” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut shares of American Airlines Group from an “overweight” rating to an “underweight” rating in a research report on Monday, April 6th. UBS Group reduced their price target on shares of American Airlines Group from $12.00 to $10.00 and set a “sell” rating for the company in a research report on Friday, May 1st. Finally, Bank of America reduced their price target on shares of American Airlines Group from $18.00 to $5.00 and set an “underperform” rating for the company in a research report on Monday, March 23rd. Eleven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American Airlines Group presently has an average rating of “Hold” and an average price target of $16.82.
The business’s 50 day moving average price is $13.97 and its 200-day moving average price is $17.48. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 7.72 and a beta of 1.73.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 30th. The airline reported ($2.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.16) by ($0.49). American Airlines Group had a negative return on equity of 124.31% and a negative net margin of 1.69%. The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The company’s revenue was down 19.5% compared to the same quarter last year. Analysts predict that American Airlines Group Inc will post -14.86 earnings per share for the current year.
Several institutional investors have recently modified their holdings of AAL. Nuveen Asset Management LLC grew its position in American Airlines Group by 6.8% during the fourth quarter. Nuveen Asset Management LLC now owns 6,926,348 shares of the airline’s stock worth $198,648,000 after buying an additional 443,903 shares during the period. Geode Capital Management LLC grew its position in 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 worth $78,155,000 after buying an additional 213,293 shares during the period. U S Global Investors Inc. grew its position in American Airlines Group by 1,290.4% during the first quarter. U S Global Investors Inc. now owns 3,131,001 shares of the airline’s stock worth $38,167,000 after buying an additional 2,905,806 shares during the period. Bank of New York Mellon Corp grew its position in American Airlines Group by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 3,073,846 shares of the airline’s stock worth $37,470,000 after buying an additional 66,718 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in 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 worth $34,177,000 after buying an additional 421,407 shares during the period. Institutional investors and hedge funds own 69.65% of the company’s stock.
About American Airlines Group (NASDAQ:AAL)
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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