Morgan Stanley Analysts Give American Airlines Group (AAL) a $39.00 Price Target

Morgan Stanley set a $39.00 price target on American Airlines Group (NASDAQ:AAL) in a report issued on Friday. The brokerage currently has a hold rating on the airline’s stock.

Several other equities research analysts have also recently issued reports on AAL. ValuEngine cut shares of American Airlines Group from a hold rating to a sell rating in a research note on Friday, June 8th. BidaskClub cut shares of American Airlines Group from a sell rating to a strong sell rating in a research note on Tuesday, June 12th. Zacks Investment Research cut shares of American Airlines Group from a hold rating to a sell rating in a research note on Tuesday, June 12th. Buckingham Research decreased their price target on shares of American Airlines Group from $75.00 to $63.00 and set a buy rating on the stock in a research note on Wednesday, June 13th. Finally, Deutsche Bank cut shares of American Airlines Group from a buy rating to a hold rating and decreased their price target for the stock from $60.00 to $43.00 in a research note on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $55.38.

American Airlines Group stock opened at $36.44 on Friday. American Airlines Group has a 12-month low of $35.64 and a 12-month high of $59.08. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.77 and a beta of 0.98. The company has a debt-to-equity ratio of -25.16, a quick ratio of 0.46 and a current ratio of 0.55.

American Airlines Group (NASDAQ:AAL) last released 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. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The company had revenue of $11.64 billion for the quarter, compared to analysts’ expectations of $11.67 billion. During the same period last year, the company earned $1.92 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that American Airlines Group will post 4.66 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of American Airlines Group by 1,283.6% during the 1st quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock worth $171,000 after acquiring an additional 3,055 shares during the period. Exane Derivatives lifted its holdings in shares of American Airlines Group by 176,700.0% during the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock worth $136,000 after acquiring an additional 3,534 shares during the period. Baird Financial Group Inc. purchased a new position in shares of American Airlines Group during the 1st quarter worth about $212,000. Trilogy Capital Inc. lifted its holdings in shares of American Airlines Group by 10,137.5% during the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock worth $155,000 after acquiring an additional 4,055 shares during the period. Finally, Mariner LLC purchased a new position in shares of American Airlines Group during the 1st quarter worth about $217,000. Institutional investors and hedge funds own 82.24% of the company’s stock.

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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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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