American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 79,210,000 shares, a drop of 5.0% from the May 31st total of 83,420,000 shares. Based on an average daily volume of 33,580,000 shares, the short-interest ratio is currently 2.4 days.
American Airlines Group Stock Performance
Shares of AAL opened at $11.04 on Tuesday. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 0.20 and a beta of 1.44. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The firm has a 50 day moving average price of $12.84 and a 200-day moving average price of $13.82.
American Airlines Group (NASDAQ:AAL – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts predict that American Airlines Group will post 2.07 earnings per share for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several research firms have recently weighed in on AAL. UBS Group began coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price for the company. Bank of America cut their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Wednesday, May 29th. Seaport Res Ptn lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. TD Cowen cut their price objective on shares of American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Finally, Morgan Stanley cut their price objective on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.53.
View Our Latest Stock Analysis on AAL
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.
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