American Airlines Group (NASDAQ:AAL) Receives New Coverage from Analysts at HSBC

HSBC started coverage on shares of American Airlines Group (NASDAQ:AAL - Free Report) in a research note published on Monday, Benzinga reports. The brokerage issued a buy rating and a $17.90 target price on the airline's stock.

AAL has been the subject of several other reports. TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and upped their price target for the stock from $14.00 to $21.00 in a research note on Friday, January 26th. Barclays raised their price objective on American Airlines Group from $13.00 to $14.00 and gave the company an underweight rating in a research report on Friday, January 26th. JPMorgan Chase & Co. upped their target price on American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Wolfe Research upgraded shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price objective on the stock in a research note on Monday, January 22nd. Finally, Seaport Res Ptn upgraded shares of American Airlines Group from a neutral rating to a buy rating in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $17.62.

American Airlines Group Stock Up 3.7 %

Shares of American Airlines Group stock traded up $0.53 on Monday, hitting $14.93. The company's stock had a trading volume of 33,311,287 shares, compared to its average volume of 33,686,965. The company has a market capitalization of $9.80 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 0.21 and a beta of 1.57. American Airlines Group has a 52-week low of $10.86 and a 52-week high of $19.08. The firm has a fifty day moving average price of $14.24 and a 200-day moving average price of $13.85.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the prior year, the company earned $0.05 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts expect that American Airlines Group will post 2.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gables Capital Management Inc. raised its holdings in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline's stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in shares of American Airlines Group during the 4th quarter worth $27,000. DekaBank Deutsche Girozentrale acquired a new position in shares of American Airlines Group in the 3rd quarter valued at $33,000. Quarry LP purchased a new position in American Airlines Group in the 4th quarter worth about $34,000. Finally, GAMMA Investing LLC acquired a new position in shares of American Airlines Group in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Company Profile

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.