American Airlines Group’s (AAL) Neutral Rating Reiterated at The Goldman Sachs Group

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

AAL has been the subject of a number of other research reports. Bank of America boosted their target price on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. TD Securities dropped their target price on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Evercore decreased their target price on shares of American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average price target of $13.96.

American Airlines Group Stock Up 0.9 %

NASDAQ:AAL opened at $14.39 on Friday. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 0.26 and a beta of 1.39. The company’s 50 day moving average price is $12.28 and its 200-day moving average price is $11.77. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period last year, the business posted $0.38 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Airlines Group will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On American Airlines Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA boosted its position in shares of American Airlines Group by 34.4% in the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in American Airlines Group in the 3rd quarter worth $16,490,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after acquiring an additional 1,156,540 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after acquiring an additional 1,098,865 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

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.