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Thread: American Airlines Group Downgraded by Zacks to “Neutral” (AAL)

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    American Airlines Group Downgraded by Zacks to “Neutral” (AAL)


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    American Airlines Group Downgraded by Zacks to “Neutral” (AAL)
    Posted by Kristian Gore on Sep 2nd, 2014 // 0 Comments

    American Airlines Group (NASDAQ:AAL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $48.10 price objective on the stock. Zacks‘s target price would indicate a potential upside of 23.71% from the company’s current price.
    AAL has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of American Airlines Group from $57.50 to $55.50 in a research note on Thursday, July 31st. Separately, analysts at Goldman Sachs reiterated a “positive” rating on shares of American Airlines Group in a research note on Monday, July 28th. Finally, analysts at CRT Capital cut their price target on shares of American Airlines Group from $52.00 to $48.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. American Airlines Group presently has an average rating of “Buy” and an average target price of $48.82.
    Shares of American Airlines Group (NASDAQ:AAL) traded up 2.47% on Tuesday, hitting $39.84. The stock had a trading volume of 6,483,295 shares. American Airlines Group has a 1-year low of $16.11 and a 1-year high of $44.88. The stock’s 50-day moving average is $40.08 and its 200-day moving average is $38.84. The company’s market cap is $28.689 billion. American Airlines Group also was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 16,241,686 shares, an increase of 7.4% from the July 31st total of 15,121,612 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average trading volume of 10,183,308 shares, the short-interest ratio is presently 1.6 days.
    American Airlines Group (NASDAQ:AAL) last released its earnings data on Thursday, July 24th. The company reported $1.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.93 by $0.05. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.31 billion. American Airlines Group’s revenue was up 76.1% compared to the same quarter last year. Analysts expect that American Airlines Group will post $5.50 EPS for the current fiscal year.
    American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).
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