American Airlines Group (NASDAQ:AAL) Earns Neutral Rating from The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of American Airlines Group (NASDAQ:AAL) in a research note released on Friday, Marketbeat Ratings reports. They currently have a $15.00 price target on the airline’s stock.

AAL has been the subject of a number of other reports. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $10.00 to $16.00 in a research note on Thursday, November 14th. TD Securities lowered their price objective on shares of American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.96.

American Airlines Group Stock Down 0.7 %

Shares of AAL stock opened at $14.29 on Friday. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15. The stock’s 50-day moving average price is $12.28 and its 200 day moving average price is $11.76. The stock has a market capitalization of $9.39 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. Analysts expect that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of American Airlines Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after buying an additional 806,770 shares during the last quarter. Primecap Management Co. CA raised its position in shares of American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after buying an additional 458,310 shares during the last quarter. U S Global Investors Inc. raised its position in shares of American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after buying an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the period. Finally, Toronto Dominion Bank increased its stake in American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after acquiring an additional 1,319,859 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Company Profile

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.