World news – American Airlines Group (NASDAQ: AAL) Upgraded for purchase by Deutsche Bank Aktiengesellschaft

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The American Airlines Group (NASDAQ: AAL) was founded by equity researchers at Deutsche Bank Aktiengesellschaft in a Monday for customers and investors released research report upgraded from a « hold » rating to a « buy » rating, Briefing.com reports. The company currently has a target price of $ 23.00 on the airline’s stock. The price target of Deutsche Bank Aktiengesellschaft indicates a possible upward movement of 23.13% compared to the current price of the share.

Several other analysts have recently commented on the share. Susquehanna Bancshares raised her price target for shares in the American Airlines Group from USD 8.00 to USD 10.00 and gave the company a « negative » rating in a research note on Thursday, January 14th. Seaport Global Securities downgraded American Airlines Group’s shares from a « buy » rating to a « neutral » rating and set a price target of $ 19.00 for the company. in a report on Monday February 1st. Exane BNP Paribas began reporting on American Airlines Group shares in a report on Friday, November 13th. They set a « neutral » rating and a target price of $ 13.00 for the company. Jefferies Financial Group began reporting on American Airlines Group shares on Tuesday, November 17th. They set an « underperform » rating for the company. Finally, in a report on Monday, January 11, Cowen downgraded American Airlines Group’s shares from an « outperform » rating to a « market perform » rating. Eleven research analysts have given the share a sell rating, nine with a hold rating and one with a buy rating. The stock currently has an average « Hold » rating and an average price target of $ 14.71 (adsbygoogle = window.adsbygoogle || []). Push ({});

AAL stock opened at $ 18.68 on Monday. The company has a 50-day moving average of $ 16.39 and a 200-day moving average of $ 14.24. The stock has a market cap of $ 11.95 billion, a P / E of -1.35, and a beta of 1.82. American Airlines Group has a 52-week low of $ 8.25 and a 52-week high of $ 28.90.

The American Airlines Group (NASDAQ: AAL) last announced its quarterly earnings data on Wednesday, January 27th. The airline reported earnings per share of $ 3.86 for the quarter, beating the consensus estimate of $ 4.11 by $ 0.25. The company had revenue of $ 4.03 billion for the quarter, compared to analyst estimates of $ 3.86 billion. For the same quarter last year, the company posted earnings of $ 1.15 per share. The company’s revenue declined 64.4% year over year. Sell-side analysts assume that the American Airlines Group will achieve earnings per share of -19.77 in the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares in the company. Clearview Wealth Advisors LLC acquired a new stake in American Airlines Group in the fourth quarter valued at approximately $ 26,000. Meeder Asset Management Inc. increased its stake in American Airlines Group shares by 101.3% in the fourth quarter. Meeder Asset Management Inc. now owns 1,717 shares in the airline valued at $ 27,000 after purchasing an additional 864 shares during the period. Hexagon Capital Partners LLC acquired a new stake in American Airlines Group shares valued at approximately $ 28,000 in the third quarter. Credit Agricole SA increased its stake in American Airlines Group shares by 121.5% in the fourth quarter. Credit Agricole SA now owns 1,823 shares in the airline valued at $ 29,000 after purchasing an additional 1,000 shares during the period. Finally, CWM LLC increased its stake in American Airlines Group shares by 689.1% in the third quarter. CWM LLC now owns 2,454 shares in the airline valued at $ 30,000 after purchasing an additional 2,143 shares during the period. 44.41% of the shares are currently owned by institutional investors.

American Airlines Group Inc operates as a network airline through its subsidiaries. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2019, the company operated a main fleet of 942 aircraft. It serves 365 destinations in approximately 61 countries, mainly 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 goals of partnering with JetBlue Airways Corp.

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