American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 51,720,000 shares, a growth of 27.5% from the March 31st total of 40,560,000 shares. Based on an average daily volume of 32,220,000 shares, the short-interest ratio is currently 1.6 days.
American Airlines Group Trading Down 1.8 %
AAL stock opened at $13.88 on Friday. The firm has a market capitalization of $9.09 billion, a PE ratio of 23.13, a PEG ratio of 0.11 and a beta of 1.57. American Airlines Group has a 1-year low of $10.86 and a 1-year high of $19.08. The business’s 50 day simple moving average is $14.46 and its 200 day simple moving average is $13.64.
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, sell-side analysts predict that American Airlines Group will post 2.67 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on AAL shares. Evercore ISI reiterated a “hold” rating and set a $17.00 price objective on shares of American Airlines Group in a report on Monday, January 29th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, January 11th. Sanford C. Bernstein boosted their target price on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Barclays boosted their target price on American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. Finally, UBS Group began coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.53.
Get Our Latest Stock Report on AAL
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.
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