American Airlines Group (NASDAQ:AAL) Receives Neutral Rating from The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of American Airlines Group (NASDAQ:AAL) in a research report released on Friday morning, Marketbeat Ratings reports. The brokerage currently has a $15.00 target price on the airline’s stock.

Several other equities research analysts have also weighed in on the stock. Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. TD Cowen increased their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Barclays raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $10.00 to $16.00 in a research report on Thursday, November 14th. Evercore decreased their target price on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Finally, Evercore ISI lifted their price objective 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. One 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. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Trading Down 0.7 %

Shares of AAL stock opened at $14.29 on Friday. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $16.15. The firm’s 50 day moving average is $12.28 and its 200-day moving average is $11.76. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the prior year, the business earned $0.38 earnings per share. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors have recently added to or reduced their stakes in AAL. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares during the period. Primecap Management Co. CA raised its holdings in American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after buying an additional 458,310 shares during the last quarter. U S Global Investors Inc. raised its holdings in American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after acquiring an additional 1,823,928 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

About American Airlines Group

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.