American Airlines Group (AAL) Shares Gap Up to $33.57

American Airlines Group Inc (NASDAQ:AAL) gapped up before the market opened on Thursday . The stock had previously closed at $32.69, but opened at $33.57. American Airlines Group shares last traded at $32.50, with a volume of 459488 shares traded.

A number of equities research analysts have weighed in on the stock. Imperial Capital reduced their target price on shares of American Airlines Group from $56.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, July 12th. They noted that the move was a valuation call. BidaskClub raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Barclays reduced their target price on shares of American Airlines Group from $68.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, July 16th. Zacks Investment Research lowered shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. Finally, ValuEngine lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. American Airlines Group presently has an average rating of “Buy” and an average price target of $51.07.

The stock has a market capitalization of $15.46 billion, a PE ratio of 6.62, a P/E/G ratio of 1.00 and a beta of 0.98. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of -25.16.

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

Institutional investors have recently added to or reduced their stakes in the stock. Exane Derivatives lifted its position 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 valued at $136,000 after acquiring an additional 3,534 shares during the period. Trilogy Capital Inc. lifted its position 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 valued at $155,000 after acquiring an additional 4,055 shares during the period. Assetmark Inc. lifted its position 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 valued at $171,000 after acquiring an additional 3,055 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of American Airlines Group during the 2nd quarter valued at $185,000. Finally, Princeton Capital Management LLC acquired a new position in shares of American Airlines Group during the 2nd quarter valued at $190,000. Institutional investors own 82.19% of the company’s stock.

About American Airlines Group (NASDAQ:AAL)

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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