American Airlines Group’s (AAL) “Neutral” Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of American Airlines Group (NASDAQ:AAL) in a research note issued to investors on Friday, MarketBeat Ratings reports. The Goldman Sachs Group currently has a $15.00 price target on the airline’s stock.

AAL has been the subject of a number of other reports. JPMorgan Chase & Co. raised their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, October 25th. TD Cowen boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Evercore ISI upped their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Finally, TD Securities decreased their price objective on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average price target of $13.96.

American Airlines Group Stock Up 0.9 %

AAL opened at $14.39 on Friday. The company has a market capitalization of $9.46 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. The firm has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $11.77. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for 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%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. As a group, sell-side analysts expect that American Airlines Group will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA grew its stake in American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after acquiring an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 1,823,928 shares during the period. Point72 DIFC Ltd bought a new position in American Airlines Group in the third quarter worth approximately $16,490,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after purchasing an additional 1,156,540 shares during the period. Finally, SG Americas Securities LLC raised its position in American Airlines Group by 743.1% during the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after purchasing an additional 1,098,865 shares in the last quarter. Hedge funds and other institutional investors 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.