TD Securities Cuts American Airlines Group (NASDAQ:AAL) Price Target to $7.00

American Airlines Group (NASDAQ:AAL) had its price target lowered by research analysts at TD Securities from $10.00 to $7.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. TD Securities’ price objective suggests a potential downside of 33.14% from the company’s previous close.

AAL has been the topic of a number of other reports. Seaport Res Ptn lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. HSBC began coverage on shares of American Airlines Group in a research note on Monday, May 13th. They set a “buy” rating and a $17.90 price target on the stock. JPMorgan Chase & Co. lowered their target price on shares of American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Citigroup lowered their target price on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Jefferies Financial Group downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.80.

American Airlines Group Stock Performance

NASDAQ AAL traded down $0.13 during trading on Friday, reaching $10.47. The company’s stock had a trading volume of 27,619,684 shares, compared to its average volume of 34,530,125. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 0.22 and a beta of 1.44. American Airlines Group has a twelve month low of $9.76 and a twelve month high of $16.87. The business’s fifty day moving average price is $11.59 and its 200-day moving average price is $13.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that American Airlines Group will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AAL. Vermillion & White Wealth Management Group LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $27,000. Quarry LP acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $34,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares during the period. ORG Partners LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at about $36,000. Finally, GAMMA Investing LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $38,000. 52.44% of the stock is owned by institutional investors and hedge funds.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.