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, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2021, it operated a mainline fleet of 865 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1930 and is headquartered in Fort Worth, Texas.
American Airlines Group Stock Performance
Shares of AAL Stock traded down $0.08 during trading on Thursday, hitting $14.99. 32,268,169 shares of the company were exchanged, compared to its average volume of 39,330,426. The business's 50-day simple moving average is $14.12 and its 200 day simple moving average is $16.14. American Airlines Group has a twelve month low of $11.93 and a twelve month high of $22.35. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of -4.95 and a beta of 1.53.
American Airlines Group (NASDAQ:AAL - Get Rating) last issued its earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.06. The company had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.40 billion. During the same period last year, the business earned ($1.69) EPS. The company's quarterly revenue was up 79.5% on a year-over-year basis. On average, equities analysts forecast that American Airlines Group will post -0.94 earnings per share for the current fiscal year.
Analysts Set New Price Targets
AAL has been the topic of several research reports. Morgan Stanley boosted their price target on shares of American Airlines Group from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, April 22nd. Citigroup reduced their target price on shares of American Airlines Group from $22.00 to $15.75 in a report on Monday, July 11th. JPMorgan Chase & Co. upgraded shares of American Airlines Group from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $18.00 to $26.00 in a research report on Friday, April 22nd. Argus lowered American Airlines Group from a "buy" rating to a "hold" rating in a research note on Friday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on American Airlines Group from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given 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 $18.56.