Melius Begins Coverage on American Airlines Group (NASDAQ:AAL)

Melius began coverage on shares of American Airlines Group (NASDAQ:AALGet Rating) in a report published on Monday morning, The Fly reports. The brokerage issued a hold rating on the airline’s stock.

A number of other equities analysts have also commented on AAL. Argus lowered American Airlines Group from a buy rating to a hold rating in a research note on Friday, July 8th. Evercore ISI reduced their price objective on American Airlines Group from $20.00 to $13.00 and set an in-line rating on the stock in a research note on Monday, June 27th. Morgan Stanley boosted their price objective on American Airlines Group from $21.00 to $22.00 and gave the stock an equal weight rating in a research note on Friday, April 22nd. Susquehanna Bancshares cut their price target on American Airlines Group from $19.00 to $15.00 and set a neutral rating on the stock in a research note on Tuesday, July 12th. Finally, JPMorgan Chase & Co. raised American Airlines Group from an underweight rating to a neutral rating and upped their price target for the company from $18.00 to $26.00 in a research note on Friday, April 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group has an average rating of Hold and an average price target of $18.56.

American Airlines Group Trading Down 0.8 %

AAL opened at $14.84 on Monday. The stock has a market cap of $9.64 billion, a PE ratio of -4.90 and a beta of 1.53. American Airlines Group has a 1 year low of $11.93 and a 1 year high of $22.35. The stock’s 50 day simple moving average is $14.02 and its 200-day simple moving average is $16.11.

American Airlines Group (NASDAQ:AALGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The business had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.40 billion. During the same quarter last year, the business earned ($1.69) EPS. American Airlines Group’s revenue for the quarter was up 79.5% on a year-over-year basis. Equities analysts forecast that American Airlines Group will post -0.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ronald Blue Trust Inc. acquired a new position in American Airlines Group during the second quarter valued at approximately $26,000. CENTRAL TRUST Co increased its stake in American Airlines Group by 6,685.7% during the 1st quarter. CENTRAL TRUST Co now owns 1,425 shares of the airline’s stock worth $26,000 after acquiring an additional 1,404 shares during the period. Private Capital Group LLC increased its stake in shares of American Airlines Group by 207.4% in the 1st quarter. Private Capital Group LLC now owns 1,534 shares of the airline’s stock valued at $28,000 after purchasing an additional 1,035 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. bought a new stake in American Airlines Group during the 4th quarter worth $27,000. Finally, First Horizon Advisors Inc. grew its position in American Airlines Group by 1,403.6% during the 1st quarter. First Horizon Advisors Inc. now owns 2,090 shares of the airline’s stock worth $38,000 after acquiring an additional 1,951 shares during the last quarter. 53.70% of the stock is currently owned by institutional investors.

American Airlines Group Company Profile

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

Further Reading

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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