American Airlines Group (AAL) Upgraded to “Buy” at Deutsche Bank

American Airlines Group (NASDAQ:AAL) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat reports. The brokerage currently has a $47.00 price target on the airline’s stock, up from their prior price target of $40.00. Deutsche Bank’s target price indicates a potential upside of 46.60% from the stock’s previous close.

Several other equities research analysts also recently weighed in on AAL. Zacks Investment Research raised American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 27th. ValuEngine downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Cowen decreased their price target on American Airlines Group from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, July 11th. Imperial Capital decreased their price target on American Airlines Group from $56.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, July 12th. They noted that the move was a valuation call. Finally, Morgan Stanley decreased their price target on American Airlines Group from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. American Airlines Group presently has a consensus rating of “Buy” and an average price target of $51.07.

Shares of AAL opened at $32.06 on Wednesday. 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 12-month low of $30.75 and a 12-month high of $59.08. The company has a market cap of $15.46 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 1.00 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The firm had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $11.67 billion. During the same period last year, the company earned $1.92 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts anticipate that American Airlines Group will post 4.28 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. raised its stake in shares of American Airlines Group by 1,283.6% during the 1st quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock worth $171,000 after buying an additional 3,055 shares during the last quarter. Exane Derivatives raised its stake in shares of American Airlines Group by 176,700.0% during the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock worth $136,000 after buying an additional 3,534 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of American Airlines Group during the 1st quarter worth $212,000. Trilogy Capital Inc. raised its stake in shares of American Airlines Group by 10,137.5% during the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock worth $155,000 after buying an additional 4,055 shares during the last quarter. Finally, Mariner LLC acquired a new position in shares of American Airlines Group during the 1st quarter worth $217,000. 82.19% 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.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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