American Airlines Group (NASDAQ:AAL) Earns “Neutral” Rating from The Goldman Sachs Group

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

AAL has been the subject of several other reports. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. TD Cowen increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 25th. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $18.00 to $12.00 in a research note on Monday, July 22nd. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $10.00 to $16.00 in a report on Thursday. Finally, Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, American Airlines Group presently has an average rating of “Hold” and an average price target of $13.96.

American Airlines Group Price Performance

Shares of AAL opened at $14.26 on Friday. The firm has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $11.76. American Airlines Group has a one year low of $9.07 and a one year high of $16.15. The company has a market cap of $9.37 billion, a P/E ratio of 43.21, a P/E/G ratio of 0.25 and a beta of 1.39.

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

Hedge Funds Weigh In On American Airlines Group

Large investors have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. UMB Bank n.a. boosted its holdings in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares during the last quarter. Beaird Harris Wealth Management LLC grew its stake 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 acquiring an additional 795 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of American Airlines Group in the second quarter valued at about $36,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group during the second quarter valued at approximately $36,000. 52.44% of the stock is currently owned by 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.