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

American Airlines Group (NASDAQ:AAL)‘s stock had its “neutral” rating reiterated by equities research analysts at The Goldman Sachs Group in a research note issued to investors on Friday,Benzinga reports. They presently have a $15.00 target price on the airline’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 5.19% from the stock’s current price.

Several other equities analysts have also commented on AAL. Susquehanna increased their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Evercore ISI increased their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Jefferies Financial Group raised their price objective on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.96.

American Airlines Group Price Performance

AAL opened at $14.26 on Friday. The company has a fifty day moving average price of $12.14 and a 200-day moving average price of $11.76. American Airlines Group has a one year low of $9.07 and a one year high of $16.15. The firm has a market capitalization of $9.37 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39.

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

Institutional Trading of American Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Beaird Harris Wealth Management LLC raised its position in shares of American Airlines Group by 51.3% in the 1st 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 during the last quarter. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in American Airlines Group by 4.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after purchasing an additional 978 shares in the last quarter. CWM LLC increased its holdings in American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after acquiring an additional 1,059 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of American Airlines Group by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after buying an additional 1,126 shares in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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.