American Airlines Group (NASDAQ:AAL) Coverage Initiated at Vertical Research

Analysts at Vertical Research assumed coverage on shares of American Airlines Group (NASDAQ:AAL) in a research report issued to clients and investors on Monday, February 4th, The Fly reports. The brokerage set a “hold” rating on the airline’s stock.

AAL has been the subject of several other reports. Macquarie set a $45.00 price objective on American Airlines Group and gave the company a “buy” rating in a research note on Monday, October 8th. Cowen reduced their price objective on American Airlines Group from $48.00 to $46.00 and set an “outperform” rating for the company in a research note on Tuesday, October 9th. ValuEngine downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Imperial Capital cut their target price on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Finally, Citigroup cut their target price on American Airlines Group from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. American Airlines Group presently has an average rating of “Hold” and a consensus price target of $46.57.

Shares of AAL stock traded down $0.99 on Monday, hitting $34.64. The stock had a trading volume of 8,316,198 shares, compared to its average volume of 7,275,021. American Airlines Group has a 1 year low of $28.81 and a 1 year high of $57.44. The company has a market capitalization of $16.35 billion, a PE ratio of 7.61, a P/E/G ratio of 1.16 and a beta of 1.59.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.94 billion. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. American Airlines Group’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. Sell-side analysts expect that American Airlines Group will post 6.02 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of American Airlines Group by 37.5% during the fourth quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock worth $456,824,000 after acquiring an additional 3,883,285 shares during the last quarter. Actinver Wealth Management Inc. acquired a new position in American Airlines Group in the fourth quarter worth about $351,000. Kentucky Retirement Systems acquired a new position in American Airlines Group in the fourth quarter worth about $573,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in American Airlines Group in the fourth quarter worth about $260,000. Finally, Bell & Brown Wealth Advisors LLC acquired a new position in American Airlines Group in the fourth quarter worth about $863,000. 80.83% 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, 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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The Fly

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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