Imperial Capital Trims American Airlines Group (AAL) Target Price to $45.00

American Airlines Group (NASDAQ:AAL) had its target price decreased by Imperial Capital from $50.00 to $45.00 in a research report sent to investors on Tuesday, MarketBeat.com reports. Imperial Capital currently has an outperform rating on the airline’s stock. Imperial Capital also issued estimates for American Airlines Group’s Q4 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $4.32 EPS, FY2018 earnings at $4.20 EPS, Q1 2019 earnings at $0.61 EPS, Q1 2019 earnings at $0.58 EPS, Q2 2019 earnings at $2.13 EPS, Q2 2019 earnings at $1.95 EPS, Q4 2019 earnings at $0.99 EPS, FY2019 earnings at $5.50 EPS and FY2019 earnings at $5.30 EPS.

A number of other brokerages have also recently weighed in on AAL. Macquarie set a $45.00 target price on shares of American Airlines Group and gave the stock a buy rating in a report on Monday, October 8th. Zacks Investment Research upgraded shares of American Airlines Group from a strong sell rating to a hold rating in a report on Wednesday, June 27th. Barclays decreased their price objective on shares of American Airlines Group from $68.00 to $60.00 and set an overweight rating for the company in a research note on Monday, July 16th. Cowen decreased their price objective on shares of American Airlines Group from $48.00 to $46.00 and set an outperform rating for the company in a research note on Tuesday, October 9th. Finally, BidaskClub lowered shares of American Airlines Group from a sell rating to a strong sell rating in a research note on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $51.07.

NASDAQ:AAL traded up $0.55 during trading hours on Tuesday, reaching $32.61. 2,670,335 shares of the company’s stock were exchanged, compared to its average volume of 9,931,078. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 1.00 and a beta of 0.98. American Airlines Group has a 12 month low of $30.75 and a 12 month high of $59.08. The company has a debt-to-equity ratio of -25.16, a quick ratio of 0.46 and a current ratio of 0.55.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.04. The firm had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.67 billion. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.92 earnings per share. On average, sell-side analysts expect that American Airlines Group will post 4.28 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of AAL. Lansdowne Partners UK LLP boosted its stake in American Airlines Group by 252.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock worth $227,147,000 after purchasing an additional 4,287,800 shares during the period. Millennium Management LLC boosted its stake in shares of American Airlines Group by 999.2% during the 2nd quarter. Millennium Management LLC now owns 1,811,194 shares of the airline’s stock valued at $68,753,000 after buying an additional 1,646,418 shares during the period. RWC Asset Management LLP boosted its stake in shares of American Airlines Group by 40.1% during the 3rd quarter. RWC Asset Management LLP now owns 2,341,296 shares of the airline’s stock valued at $96,766,000 after buying an additional 669,842 shares during the period. Gendell Jeffrey L boosted its stake in shares of American Airlines Group by 46.8% during the 2nd quarter. Gendell Jeffrey L now owns 1,551,339 shares of the airline’s stock valued at $58,889,000 after buying an additional 494,868 shares during the period. Finally, Morgan Stanley boosted its stake in shares of American Airlines Group by 32.2% during the 2nd quarter. Morgan Stanley now owns 1,954,583 shares of the airline’s stock valued at $74,196,000 after buying an additional 476,499 shares during the period. 82.19% of the stock is owned by hedge funds and other institutional investors.

About American Airlines Group

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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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