American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) was the target of some unusual options trading on Thursday. Stock traders purchased 307,825 put options on the company. This represents an increase of 152% compared to the average daily volume of 122,007 put options.
Wall Street Analyst Weigh In
AAL has been the subject of a number of recent research reports. Bank of America cut their price target on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Wednesday, May 29th. Jefferies Financial Group downgraded American Airlines Group from a “buy” rating to a “hold” rating and cut their price target for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Barclays cut their price target on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley cut their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. cut their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.03.
Check Out Our Latest Stock Report on AAL
Hedge Funds Weigh In On American Airlines Group
American Airlines Group Trading Up 4.2 %
Shares of NASDAQ AAL traded up $0.43 during trading on Thursday, reaching $10.60. 96,219,992 shares of the company traded hands, compared to its average volume of 34,578,020. The firm’s fifty day simple moving average is $11.68 and its 200 day simple moving average is $13.45. The stock has a market cap of $6.95 billion, a P/E ratio of 18.03, a PEG ratio of 0.22 and a beta of 1.44. American Airlines Group has a 12-month low of $9.76 and a 12-month high of $16.90.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released 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 net margin of 0.94% and a negative return on equity of 31.65%. The company had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that American Airlines Group will post 1.78 EPS for the current year.
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.
See Also
- Five stocks we like better than American Airlines Group
- The How and Why of Investing in Gold Stocks
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- With Risk Tolerance, One Size Does Not Fit All
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.