American Airlines Group (AAL) Receives Outperform Rating from Imperial Capital

American Airlines Group (NASDAQ:AAL)‘s stock had its “outperform” rating reiterated by investment analysts at Imperial Capital in a report issued on Friday, Marketbeat Ratings reports. They presently have a $43.00 target price on the airline’s stock, down from their prior target price of $46.00. Imperial Capital’s price objective indicates a potential upside of 36.81% from the stock’s previous close. Imperial Capital also issued estimates for American Airlines Group’s Q1 2019 earnings at $0.57 EPS.

Several other research analysts have also commented on the company. BidaskClub lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Citigroup decreased their target price on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, March 8th. Deutsche Bank lowered American Airlines Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $28.81 to $35.63 in a research report on Friday, March 1st. ValuEngine lowered American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research lowered American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $46.39.

Shares of AAL opened at $31.43 on Friday. The company has a market capitalization of $14.30 billion, a PE ratio of 6.91, a PEG ratio of 0.32 and a beta of 1.55. American Airlines Group has a 52 week low of $28.81 and a 52 week high of $56.41.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.94 billion. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. Research analysts expect that American Airlines Group will post 6 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its position in American Airlines Group by 116.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 201,410 shares of the airline’s stock valued at $8,324,000 after purchasing an additional 108,300 shares during the period. Advent Capital Management DE acquired a new position in American Airlines Group during the 3rd quarter valued at approximately $413,000. Morgan Stanley boosted its position in American Airlines Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 1,988,433 shares of the airline’s stock valued at $82,181,000 after purchasing an additional 33,850 shares during the period. Landsberg Bennett & Dubbaneh LLC acquired a new position in American Airlines Group during the 4th quarter worth $243,000. Finally, Frontier Capital Management Co. LLC boosted its position in American Airlines Group by 28.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,291,701 shares of the airline’s stock worth $41,477,000 after acquiring an additional 288,968 shares during the period. Institutional investors and hedge funds own 78.96% 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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