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American Airways Group (NASDAQ:AAL) Given New $7.00 Worth Goal at Financial institution of America

ByEditorialTeam

Oct 6, 2022

American Airways Group (NASDAQ:AALGet Ranking) had its goal worth decreased by Financial institution of America from $8.00 to $7.00 in a analysis word issued to buyers on Thursday, The Fly studies. Financial institution of America‘s worth goal suggests a possible draw back of 45.61% from the corporate’s present worth.

AAL has been the topic of a lot of different studies. Argus minimize shares of American Airways Group from a “purchase” ranking to a “maintain” ranking in a analysis report on Friday, July eighth. Evercore ISI decreased their worth goal on shares of American Airways Group from $20.00 to $13.00 and set an “in-line” ranking for the corporate in a analysis report on Monday, June twenty seventh. Barclays decreased their worth goal on shares of American Airways Group from $20.00 to $17.00 and set an “underweight” ranking for the corporate in a analysis report on Tuesday, June 14th. Susquehanna decreased their worth goal on shares of American Airways Group from $19.00 to $15.00 and set a “impartial” ranking for the corporate in a analysis report on Tuesday, July twelfth. Lastly, Citigroup decreased their worth goal on shares of American Airways Group from $22.00 to $15.75 in a analysis report on Monday, July eleventh. Two equities analysis analysts have rated the inventory with a promote ranking, twelve have issued a maintain ranking and two have issued a purchase ranking to the corporate. In response to MarketBeat.com, American Airways Group at the moment has a consensus ranking of “Maintain” and a consensus goal worth of $17.67.

American Airways Group Worth Efficiency

Shares of American Airways Group inventory opened at $12.87 on Thursday. The enterprise has a 50 day transferring common worth of $13.78 and a 200 day transferring common worth of $15.34. The corporate has a market capitalization of $8.36 billion, a P/E ratio of -4.25 and a beta of 1.45. American Airways Group has a 1 12 months low of $11.65 and a 1 12 months excessive of $22.35.

American Airways Group (NASDAQ:AALGet Ranking) final issued its quarterly earnings outcomes on Thursday, July twenty first. The airline reported $0.76 earnings per share for the quarter, lacking the consensus estimate of $0.79 by ($0.03). The enterprise had income of $13.42 billion through the quarter, in comparison with the consensus estimate of $13.40 billion. The enterprise’s income was up 79.5% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the enterprise earned ($1.69) EPS. As a bunch, analysis analysts anticipate that American Airways Group will put up -0.87 EPS for the present fiscal 12 months.

Institutional Inflows and Outflows

A number of institutional buyers and hedge funds have lately made adjustments to their positions in AAL. Renaissance Applied sciences LLC boosted its holdings in American Airways Group by 223.8% through the second quarter. Renaissance Applied sciences LLC now owns 7,948,300 shares of the airline’s inventory value $100,784,000 after shopping for an extra 5,493,500 shares within the final quarter. U S World Buyers Inc. lifted its place in shares of American Airways Group by 15.7% within the 1st quarter. U S World Buyers Inc. now owns 20,750,111 shares of the airline’s inventory valued at $378,690,000 after buying an extra 2,822,450 shares within the final quarter. Neuberger Berman Group LLC lifted its place in shares of American Airways Group by 108.0% within the 1st quarter. Neuberger Berman Group LLC now owns 4,887,680 shares of the airline’s inventory valued at $89,200,000 after buying an extra 2,538,066 shares within the final quarter. The Producers Life Insurance coverage Firm lifted its place in shares of American Airways Group by 502.0% within the 1st quarter. The Producers Life Insurance coverage Firm now owns 2,986,179 shares of the airline’s inventory valued at $54,498,000 after buying an extra 2,490,121 shares within the final quarter. Lastly, Invesco Ltd. lifted its place in American Airways Group by 23.6% within the 1st quarter. Invesco Ltd. now owns 7,247,250 shares of the airline’s inventory value $132,261,000 after shopping for an extra 1,382,569 shares within the final quarter. 54.06% of the inventory is at the moment owned by institutional buyers.

American Airways Group Firm Profile

(Get Ranking)

American Airways Group Inc, by way of its subsidiaries, operates as a community air provider. The corporate gives scheduled air transportation providers for passengers and cargo by way of its hubs in Charlotte, Chicago, Dallas/Fort Price, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, in addition to by way of accomplice gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]

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