Macquarie Reiterates $45.00 Price Target for American Airlines Group (AAL)

Macquarie set a $45.00 price objective on American Airlines Group (NASDAQ:AAL) in a report issued on Monday. The firm currently has a buy rating on the airline’s stock.

Several other research analysts have also weighed in on the company. Morgan Stanley set a $39.00 target price on American Airlines Group and gave the stock a hold rating in a report on Friday. BidaskClub lowered American Airlines Group from a hold rating to a sell rating in a report on Thursday, October 4th. Imperial Capital lifted their target price on American Airlines Group from $52.00 to $56.00 and gave the stock an outperform rating in a report on Thursday, September 27th. ValuEngine lowered American Airlines Group from a hold rating to a sell rating in a report on Wednesday, September 26th. Finally, Zacks Investment Research upgraded American Airlines Group from a strong sell rating to a hold rating in a report on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. American Airlines Group currently has a consensus rating of Hold and a consensus price target of $55.23.

NASDAQ:AAL opened at $35.90 on Monday. American Airlines Group has a 12-month low of $35.60 and a 12-month 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 firm has a market capitalization of $19.03 billion, a PE ratio of 7.36, a P/E/G ratio of 0.77 and a beta of 0.98.

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

Several institutional investors have recently modified their holdings of AAL. Envestnet Asset Management Inc. increased its position in shares of American Airlines Group by 71.4% in the first quarter. Envestnet Asset Management Inc. now owns 5,384 shares of the airline’s stock valued at $253,000 after acquiring an additional 2,242 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of American Airlines Group by 395.0% in the first quarter. Federated Investors Inc. PA now owns 17,717 shares of the airline’s stock valued at $921,000 after acquiring an additional 14,138 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of American Airlines Group by 20.6% in the first quarter. Natixis Advisors L.P. now owns 17,542 shares of the airline’s stock valued at $911,000 after acquiring an additional 2,991 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of American Airlines Group by 175.6% in the first quarter. Russell Investments Group Ltd. now owns 278,392 shares of the airline’s stock valued at $14,437,000 after acquiring an additional 177,377 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of American Airlines Group in the first quarter valued at about $310,000. Institutional investors own 82.24% of the company’s stock.

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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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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