American Airlines Group (NASDAQ:AAL) Price Target Cut to $7.00 by Analysts at TD Securities

American Airlines Group (NASDAQ:AAL) had its target price reduced by TD Securities from $10.00 to $7.00 in a report published on Friday morning, Marketbeat.com reports.

A number of other analysts also recently commented on AAL. Bank of America decreased their target price on American Airlines Group from $12.00 to $11.00 and set an underperform rating on the stock in a research report on Wednesday, May 29th. TD Cowen downgraded American Airlines Group from a buy rating to a hold rating and decreased their target price for the stock from $16.00 to $10.00 in a research report on Wednesday, July 17th. HSBC started coverage on American Airlines Group in a research report on Monday, May 13th. They set a buy rating and a $17.90 target price on the stock. Susquehanna cut their price target on American Airlines Group from $15.00 to $13.00 and set a neutral rating for the company in a report on Thursday, May 30th. Finally, Sanford C. Bernstein cut American Airlines Group from an outperform rating to a market perform rating and cut their price target for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $13.80.

American Airlines Group Price Performance

American Airlines Group stock opened at $10.43 on Friday. American Airlines Group has a 1-year low of $9.76 and a 1-year high of $16.87. The company has a market cap of $6.85 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.36 and a beta of 1.44. The stock’s 50 day moving average price is $11.43 and its 200 day moving average price is $13.36.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The firm had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share. On average, equities research analysts anticipate that American Airlines Group will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American Airlines Group by 57.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,926 shares of the airline’s stock worth $1,449,000 after acquiring an additional 46,495 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in American Airlines Group by 4.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock worth $368,000 after acquiring an additional 1,459 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in American Airlines Group during the second quarter worth about $43,000. Finally, Lebenthal Global Advisors LLC increased its stake in American Airlines Group by 53.9% during the second quarter. Lebenthal Global Advisors LLC now owns 61,902 shares of the airline’s stock worth $701,000 after acquiring an additional 21,683 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.