American Airlines Group (NASDAQ:AAL - Get Free Report) released its quarterly earnings results on Thursday. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06), Briefing.com reports. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year.
American Airlines Group Trading Down 1.8 %
Shares of NASDAQ:AAL traded down $0.25 during midday trading on Friday, reaching $13.88. The company had a trading volume of 36,486,942 shares, compared to its average volume of 34,585,641. The stock has a market cap of $9.09 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.11 and a beta of 1.57. The company's 50 day moving average price is $14.46 and its 200 day moving average price is $13.63. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. TD Cowen upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Jefferies Financial Group raised American Airlines Group from a "hold" rating to a "buy" rating and set a $18.00 target price for the company in a research report on Thursday, January 11th. Barclays upped their price target on American Airlines Group from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday, January 26th. Morgan Stanley reaffirmed an "overweight" rating and issued a $20.00 price objective on shares of American Airlines Group in a research note on Tuesday, March 5th. Finally, Evercore ISI reissued a "hold" rating and set a $17.00 target price on shares of American Airlines Group in a research report on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, American Airlines Group presently has a consensus rating of "Hold" and a consensus target price of $17.53.
View Our Latest Stock Analysis on AAL
About American Airlines Group
(
Get Free Report)
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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