TD Securities Cuts American Airlines Group (NASDAQ:AAL) Price Target to $7.00

American Airlines Group (NASDAQ:AAL) had its price objective decreased by investment analysts at TD Securities from $10.00 to $7.00 in a research report issued on Friday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential downside of 33.14% from the company’s current price.

AAL has been the topic of a number of other research reports. TD Cowen cut American Airlines Group from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $10.00 in a report on Wednesday, July 17th. Bank of America lowered their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Seaport Res Ptn cut shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $18.00 to $12.00 in a report on Monday. Finally, Citigroup decreased their price objective on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.80.

American Airlines Group Trading Down 1.2 %

Shares of American Airlines Group stock traded down $0.13 during trading hours on Friday, reaching $10.47. 27,619,684 shares of the company’s stock were exchanged, compared to its average volume of 34,530,125. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 0.22 and a beta of 1.44. The company has a fifty day moving average of $11.59 and a 200-day moving average of $13.43. American Airlines Group has a 52-week low of $9.76 and a 52-week high of $16.87.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. During the same period last year, the company posted $1.92 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. U S Global Investors Inc. grew its holdings in shares of American Airlines Group by 18.7% during the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. Norges Bank acquired a new position in shares of American Airlines Group during the 4th quarter valued at $22,819,000. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after acquiring an additional 806,770 shares during the period. SG Americas Securities LLC lifted its position in shares of American Airlines Group by 132.8% during the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after acquiring an additional 598,941 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of American Airlines Group during the 2nd quarter valued at $5,987,000. Institutional investors 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.