American Airlines Group (NASDAQ:AAL) Coverage Initiated by Analysts at HSBC

HSBC began coverage on shares of American Airlines Group (NASDAQ:AALFree Report) in a report released on Monday morning, Benzinga reports. The brokerage issued a buy rating and a $17.90 price objective on the airline’s stock.

A number of other research firms have also recently commented on AAL. Morgan Stanley reissued an overweight rating and set a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and boosted their price target for the stock from $14.00 to $21.00 in a research note on Friday, January 26th. Seaport Res Ptn upgraded American Airlines Group from a neutral rating to a buy rating in a report on Friday, January 26th. UBS Group began coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a buy rating and a $19.00 price target for the company. Finally, Citigroup reaffirmed a buy rating and issued a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, American Airlines Group presently has a consensus rating of Moderate Buy and an average target price of $17.62.

View Our Latest Analysis on AAL

American Airlines Group Stock Up 3.7 %

Shares of NASDAQ AAL opened at $14.93 on Monday. The stock has a market capitalization of $9.80 billion, a PE ratio of 24.88, a P/E/G ratio of 0.21 and a beta of 1.57. The firm has a fifty day moving average of $14.24 and a 200-day moving average of $13.85. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08.

American Airlines Group (NASDAQ:AALGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Equities research analysts expect that American Airlines Group will post 2.54 EPS for the current fiscal year.

Institutional Trading of American Airlines Group

Several large investors have recently added to or reduced their stakes in the business. Empirical Finance LLC lifted its stake in American Airlines Group by 1.4% during the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock valued at $899,000 after purchasing an additional 797 shares during the last quarter. Eudaimonia Partners LLC raised its holdings in shares of American Airlines Group by 4.2% during the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock valued at $354,000 after acquiring an additional 927 shares during the period. Ackerman Capital Advisors LLC boosted its stake in American Airlines Group by 6.5% in the 1st quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock worth $240,000 after purchasing an additional 949 shares during the period. Gables Capital Management Inc. lifted its stake in American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of American Airlines Group by 32.2% in the 4th quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after purchasing an additional 1,003 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.