American Airlines Group Inc. (NASDAQ:AAL) – Stock analysts at Jefferies Financial Group lifted their FY2023 earnings per share (EPS) estimates for shares of American Airlines Group in a research report issued to clients and investors on Tuesday, January 11th. Jefferies Financial Group analyst S. Kahyaoglu now expects that the airline will post earnings of $2.60 per share for the year, up from their previous forecast of $2.45.
Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group downgraded shares of American Airlines Group from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $19.00 to $18.00 in a research note on Wednesday, October 6th. Citigroup lowered their price objective on shares of American Airlines Group from $21.50 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday, October 26th. Zacks Investment Research downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating and set a $19.00 price target for the company. in a research note on Wednesday, December 22nd. Finally, Morgan Stanley raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $23.00 to $21.00 in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, American Airlines Group has an average rating of “Hold” and an average target price of $21.77.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Wednesday, October 20th. The airline reported ($0.99) EPS for the quarter, beating the consensus estimate of ($1.04) by $0.05. The firm had revenue of $9 billion for the quarter, compared to the consensus estimate of $8.92 billion. The business’s revenue was up 183.6% on a year-over-year basis. During the same period last year, the company posted ($5.54) earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ovata Capital Management Ltd purchased a new stake in shares of American Airlines Group during the third quarter valued at approximately $8,512,000. Renaissance Technologies LLC purchased a new stake in shares of American Airlines Group during the third quarter valued at approximately $106,947,000. Allianz Asset Management GmbH purchased a new stake in shares of American Airlines Group during the third quarter valued at approximately $96,313,000. Parametric Portfolio Associates LLC grew its holdings in shares of American Airlines Group by 107.6% during the second quarter. Parametric Portfolio Associates LLC now owns 3,908,562 shares of the airline’s stock valued at $82,901,000 after buying an additional 2,026,013 shares during the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of American Airlines Group by 12.3% during the third quarter. U S Global Investors Inc. now owns 18,300,657 shares of the airline’s stock valued at $375,529,000 after buying an additional 1,999,652 shares during the last quarter. Institutional investors and hedge funds own 56.31% of the company’s stock.
American Airlines Group Company Profile
American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.
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