Morgan Stanley Analysts Give American Airlines Group (AAL) a $37.00 Price Target

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American Airlines Group (NASDAQ:AAL) has been given a $37.00 price target by equities research analysts at Morgan Stanley in a research note issued on Thursday. The brokerage currently has a “hold” rating on the airline’s stock. Morgan Stanley’s price target indicates a potential upside of 19.70% from the stock’s previous close.

A number of other equities analysts also recently issued reports on AAL. Zacks Investment Research upgraded shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 27th. BidaskClub downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Thursday. Imperial Capital dropped their price objective on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. ValuEngine downgraded shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, Citigroup dropped their price objective on shares of American Airlines Group from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. American Airlines Group currently has an average rating of “Hold” and a consensus target price of $52.15.

NASDAQ AAL opened at $30.91 on Thursday. The company has a debt-to-equity ratio of -25.16, a quick ratio of 0.46 and a current ratio of 0.55. American Airlines Group has a 52-week low of $30.75 and a 52-week high of $59.08. The company has a market cap of $19.03 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 26th. The airline reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.04. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The firm had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $11.67 billion. During the same period last year, the firm earned $1.92 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that American Airlines Group will post 4.66 earnings per share for the current year.

A number of large investors have recently bought and sold shares of AAL. Exane Derivatives lifted its position in American Airlines Group by 176,700.0% during the second quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock valued at $136,000 after acquiring an additional 3,534 shares during the last quarter. Trilogy Capital Inc. lifted its position in American Airlines Group by 10,137.5% during the second quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after acquiring an additional 4,055 shares during the last quarter. Assetmark Inc. lifted its position in American Airlines Group by 1,283.6% during the first quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock valued at $171,000 after acquiring an additional 3,055 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in American Airlines Group during the second quarter valued at approximately $185,000. Finally, Princeton Capital Management LLC purchased a new stake in American Airlines Group during the second quarter valued at approximately $190,000. 82.24% 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. 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.

See Also: Price to Earnings Ratio (PE)

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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