American Airlines Group (NASDAQ:AAL - Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.000-1.150 for the period, compared to the consensus earnings per share estimate of 1.300. The company issued revenue guidance of -.
Analyst Ratings Changes
Several brokerages recently issued reports on AAL. HSBC began coverage on 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. Jefferies Financial Group lowered American Airlines Group from a buy rating to a hold rating and lowered their price target for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Seaport Res Ptn lowered American Airlines Group from a strong-buy rating to a hold rating in a research note on Wednesday, May 29th. UBS Group assumed coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a buy rating and a $19.00 price objective on the stock. Finally, Citigroup lowered their price objective on American Airlines Group from $20.00 to $16.50 and set a buy rating on the stock in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, American Airlines Group has a consensus rating of Hold and an average price target of $16.53.
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American Airlines Group Price Performance
Shares of AAL traded down $0.16 on Friday, hitting $11.28. The company's stock had a trading volume of 42,218,781 shares, compared to its average volume of 34,591,641. The company has a 50 day moving average price of $13.43 and a 200 day moving average price of $13.98. American Airlines Group has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The company has a market capitalization of $7.40 billion, a PE ratio of 19.07, a PEG ratio of 0.20 and a beta of 1.49.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period in the prior year, the company posted $0.05 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that American Airlines Group will post 2.14 EPS for the current year.
About American Airlines Group
(
Get Free Report)
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.
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