Log in to MarketBeat All Access to get access to all of MarketBeat’s research:
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.
This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send any questions or comments about this story to [email protected]
Like any group of stocks related to travel and tourism, hotel stocks saw a sharp drop in stock prices in 2020. The leisure and hospitality sector, which once employed 15 million people, has lost 4 million jobs since February.
Many large cities will feel the effects of the Covid-19 pandemic for years. However, there is ample evidence that the pandemic may be coming to an end. The number of new cases is falling. The number of vaccinators is increasing. And even in the cities with the most restrictive mitigation measures, the slow process of reopening begins.
All of this cannot come quickly enough for individuals who rely on the travel and tourism industries for a living. Hotel chains had at least some revenue in the door. And when the winning season ends, the more budget-friendly hotel chains can see revenue that is 75% of the 2019 numbers. However, this is not enough to make the hotels almost full. Especially in hotels with bars and restaurants that are closed or have stayed open with limited capacity.
Many economists are optimistic that traveling could look more normal from this summer onwards. And the world economy could achieve 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the broadest footprint will be in the best position to reopen the economy.
Fill out the form below to receive the latest headlines and analyst recommendations for your stocks with our free daily email newsletter:
Sign up to MarketBeat All Access to access the full Get Research From MarketBeat:
View the latest news, buy / sell ratings, SEC filings, and insider deals for your stocks. Compare your portfolio performance against leading indices and get personalized stock ideas based on your portfolio.
Get stock ideas daily with the best Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. See what stocks are up to date on social media with MarketBeat’s Trending Stock Report.
Identify stocks that match your criteria with seven unique stock screeners. See what’s happening in the market with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access Stock Screener, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Would you like to see which stocks are moving? View our full range of financial calendars and market data tables for free.
Receive free world class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat enables individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, company buybacks, dividends, earnings, business reports, financial data, insider trading, IPOs, SEC filings, or stock splits, MarketBeat has the objective information you need to analyze stocks. Learn more.
© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St # 105, Sioux Falls, SD 57103 | [Email protected] | (844) 978-6257
MarketBeat does not provide financial advice or make recommendations or offers to buy stocks or sell any securities. Learn more.
Don’t sell my information
© 2021 The market data provided will be delayed by at least 10 minutes and hosted by Barchart Solutions. The information is provided « as is » and for informational purposes only, not for commercial or advisory purposes, and is delayed. Please see the disclaimer for all delays and terms of use for exchanges. Basic company data from Zacks Investment Research. As a bonus for subscribing to our e-mail newsletters, you will also receive a free subscription to the Liberty Through Wealth e-newsletter. You can unsubscribe at any time.
Enter your email address below to receive a quick daily summary of upgrades, downgrades and new coverage from Analysts with MarketBeat.com’s FREE daily email newsletter.
Ref: https://www.marketbeat.com
