American Airlines Group (NASDAQ:AAL) PT Lowered to $10.00

American Airlines Group (NASDAQ:AAL) had its target price reduced by Evercore ISI to $10.00 in a report released on Friday, Stock Target Advisor reports.

Several other research firms also recently weighed in on AAL. Citigroup dropped their price target on American Airlines Group from $20.00 to $16.50 and set a buy rating for the company in a research report on Friday, May 31st. Evercore lowered their price objective on American Airlines Group from $13.00 to $10.00 in a research report on Friday. HSBC assumed coverage on American Airlines Group in a research report on Monday, May 13th. They issued a buy rating and a $17.90 price objective for the company. Sanford C. Bernstein downgraded American Airlines Group from an outperform rating to a market perform rating and lowered their price objective for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $21.00 to $15.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group has an average rating of Hold and an average price target of $13.80.

American Airlines Group Stock Performance

American Airlines Group stock opened at $10.62 on Friday. The stock has a fifty day moving average of $11.51 and a two-hundred day moving average of $13.39. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 0.36 and a beta of 1.44. American Airlines Group has a fifty-two week low of $9.76 and a fifty-two week high of $16.87.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion during 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%. American Airlines Group’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 earnings per share. On average, analysts forecast that American Airlines Group will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in shares of American Airlines Group during the fourth quarter worth about $27,000. Quarry LP acquired a new position in shares of American Airlines Group during the fourth quarter worth about $34,000. Beaird Harris Wealth Management LLC lifted its stake in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares in the last quarter. ORG Partners LLC acquired a new position in shares of American Airlines Group during the second quarter worth about $36,000. Finally, GAMMA Investing LLC acquired a new position in shares of American Airlines Group during the fourth quarter worth about $38,000. Institutional investors and hedge funds 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.