American Airlines Group (NASDAQ:AAL) Shares Gap Up to $13.03

American Airlines Group Inc. (NASDAQ:AAL) gapped up prior to trading on Wednesday . The stock had previously closed at $13.03, but opened at $13.45. American Airlines Group shares last traded at $13.61, with a volume of 6,461,979 shares trading hands.

Wall Street Analyst Weigh In

AAL has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, January 11th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, January 22nd. Finally, Sanford C. Bernstein boosted their price objective on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Up 4.2 %

The stock has a market capitalization of $8.89 billion, a PE ratio of 11.85, a P/E/G ratio of 0.11 and a beta of 1.57. The firm has a 50 day moving average price of $14.62 and a 200 day moving average price of $13.56.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping the consensus estimate of $0.11 by $0.18. The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. On average, equities analysts forecast that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently modified their holdings of AAL. Gables Capital Management Inc. grew its holdings in shares of American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. RVW Wealth LLC bought a new position in shares of American Airlines Group in the third quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $27,000. DekaBank Deutsche Girozentrale bought a new position in shares of American Airlines Group in the third quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $34,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Company Profile

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.