American Airlines Group Inc. ((NASDAQ:(AAL))) – Equities research analysts at Seaport Global Securities upped their Q1 2021 earnings per share estimates for American Airlines Group in a report released on Monday, February 1st. Seaport Global Securities analyst D. Mckenzie now expects that the airline will post earnings of ($4.50) per share for the quarter, up from their prior estimate of ($5.75). Seaport Global Securities has a “Neutral” rating and a $19.00 price objective on the stock. Seaport Global Securities also issued estimates for American Airlines Group’s Q2 2021 earnings at ($2.00) EPS, Q3 2021 earnings at $0.00 EPS, Q4 2021 earnings at $0.25 EPS, FY2021 earnings at ($5.50) EPS and FY2022 earnings at $2.00 EPS. American Airlines Group ((NASDAQ:(AAL))) last released its quarterly earnings results on Wednesday, January 27th. The airline reported ($3.86) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($4.11) by $0.25. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. American Airlines Group’s revenue for the quarter was down 64.4% compared to the same quarter last year.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded American Airlines Group from a “sell” rating to a “hold” rating and set a $15.00 price target for the company in a research note on Wednesday, December 2nd. Cowen lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 11th. Exane BNP Paribas assumed coverage on shares of American Airlines Group in a research report on Friday, November 13th. They set a “neutral” rating and a $13.00 target price on the stock. 140166 raised their price target on shares of American Airlines Group from $8.00 to $10.00 and gave the stock a “negative” rating in a report on Thursday, January 14th. Finally, Raymond James downgraded shares of American Airlines Group from a “market perform” rating to an “underperform” rating in a research note on Monday, November 30th. Eleven investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. American Airlines Group presently has an average rating of “Sell” and an average target price of $14.29.
Shares of (AAL) stock opened at $16.59 on Wednesday. American Airlines Group has a 1-year low of $8.25 and a 1-year high of $30.78. The stock’s fifty day moving average price is $15.96 and its 200 day moving average price is $13.74. The company has a market cap of $10.04 billion, a price-to-earnings ratio of -1.20 and a beta of 1.82.
Institutional investors have recently bought and sold shares of the stock. World Asset Management Inc lifted its holdings in American Airlines Group by 4.3% in the fourth quarter. World Asset Management Inc now owns 22,687 shares of the airline’s stock valued at $358,000 after acquiring an additional 945 shares during the period. Townsquare Capital LLC increased its holdings in shares of American Airlines Group by 2.4% during the 3rd quarter. Townsquare Capital LLC now owns 48,186 shares of the airline’s stock valued at $604,000 after purchasing an additional 1,128 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in shares of American Airlines Group by 69.5% during the 3rd quarter. Berman Capital Advisors LLC now owns 2,753 shares of the airline’s stock valued at $33,000 after purchasing an additional 1,129 shares in the last quarter. Clearview Wealth Advisors LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at $26,000. Finally, Financial Advisory Service Inc. boosted its holdings in American Airlines Group by 11.6% during the third quarter. Financial Advisory Service Inc. now owns 17,581 shares of the airline’s stock worth $216,000 after buying an additional 1,833 shares in the last quarter. 44.41% of the stock is currently owned by hedge funds and other institutional investors.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2019, the company operated a mainline fleet of 942 aircraft. It serves 365 destinations in approximately 61 countries, principally from its hubs and gateways in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC American Airlines Group Inc has strategic partnership with JetBlue Airways Corp.
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