American Airlines Group (NASDAQ:AAL) had its price target trimmed by Raymond James from $52.00 to $50.00 in a research report released on Tuesday morning. The firm currently has an outperform rating on the airline’s stock.

Other equities research analysts have also recently issued research reports about the company. Imperial Capital dropped their price objective on American Airlines Group from $56.00 to $50.00 and set an outperform rating on the stock in a research note on Thursday, July 12th. They noted that the move was a valuation call. BidaskClub raised American Airlines Group from a strong sell rating to a sell rating in a report on Wednesday, September 12th. Barclays decreased their target price on American Airlines Group from $68.00 to $60.00 and set an overweight rating on the stock in a report on Monday, July 16th. Zacks Investment Research lowered American Airlines Group from a hold rating to a strong sell rating in a report on Friday, August 3rd. Finally, ValuEngine lowered American Airlines Group from a sell rating to a strong sell rating in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $50.79.

Shares of American Airlines Group stock opened at $33.28 on Tuesday. American Airlines Group has a 12-month low of $30.75 and a 12-month high of $59.08. The company has a market cap of $19.03 billion, a PE ratio of 6.82, a P/E/G ratio of 0.77 and a beta of 0.98. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of -25.16.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 26th. The airline reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The company had revenue of $11.64 billion for the quarter, compared to analysts’ expectations of $11.67 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that American Airlines Group will post 4.66 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Exane Derivatives grew its holdings in American Airlines Group by 176,700.0% in the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock valued at $136,000 after buying an additional 3,534 shares in the last quarter. Trilogy Capital Inc. grew its holdings in American Airlines Group by 10,137.5% in the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after buying an additional 4,055 shares in the last quarter. Assetmark Inc. grew its holdings in American Airlines Group by 1,283.6% in the 1st quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock valued at $171,000 after buying an additional 3,055 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in American Airlines Group in the 2nd quarter valued at $185,000. Finally, Princeton Capital Management LLC acquired a new position in American Airlines Group in the 2nd quarter valued at $190,000. 82.24% of the stock is currently owned by institutional investors and hedge funds.

About American Airlines Group

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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