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Published: Sat, October 15, 2016
Economy | By Melissa Porter

Stocks inside Traders Spotlight: American Airlines Group, Inc. (NASDAQ:AAL)

Stocks inside Traders Spotlight: American Airlines Group, Inc. (NASDAQ:AAL)

When considering if perhaps the stock is under or overvalued, the average price target is $42.67 which is 10% above where the stock closed yesterday.

These analysts also forecasted Growth Estimates for the Current Quarter for AAL to be -43.3%. Bank of America Corp. lowered American Airlines Group from a "neutral" rating to an "underperform" rating in a report on Thursday, June 16th.

Number of analysts are eying on this stock, and after detailed observation they have given the stock mean target price of $41.17 while their mean recommendation is 2.40 (1=Buy, 5=sell). The last trading range of the stock ranges between $38.06 and $39.99. Analysts rating the company a 1 or 2 indicate a Buy recommendation. Beta factor of the stock stands at N/A. Beta factor is used to measure the volatility of the stock. Separately, on September 14, UBS's Darryl Genovesi downgraded the stock to Hold and has a price target of $38. Stock monthly performance is recorded as 7.83% while its performance in last one week is 2.80%. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 7.4% where SMA50 and SMA200 are 7.95% and 7.77% respectively. The stock's 52-week range is $24.85 - $47.09.

American Airlines Group Inc.'s P/E ratio now stands at 3.74, while the P/S ratio is at 0.52 and the potential growth rate of earnings per share this year is at 182.00%. American Airlines is scheduled to report third-quarter operating results on Oct 20 this year. With Delta also reporting improved trends, airlines seem to be making progress toward reversing a year-long unit revenue slide that has anxious investors. Imperial Capital started coverage on shares of American Airlines Group in a research note on Friday, August 26th.

Currently AECOM (ACM) grabbed an average recommendation of " Overweight " from analysts. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $37.50, for a total value of $750,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The Hedge Fund company now holds 694,568 shares of AAL which is valued at $26,532,498. The disclosure for this sale can be found here. The Insider ownership stake in the company is 0.30% while the ATR stands at 0.69.

Several institutional investors have recently added to or reduced their stakes in the stock.

Year to date performance for American Airlines Group Inc. For the reporting quarter, equity analysts expect the stock to deliver $1.57 in earnings per share (EPS). Evercore Wealth Management LLC boosted its stake in American Airlines Group by 60.1% in the second quarter.

Southwest told investors it estimates its third quarter unit revenues will decline between 3.5 and 4.5 percent, with about 0.5 points of the decline due to the airline's technology outage in July. Landscape Capital Management L.L.C. purchased a new stake in American Airlines Group during the first quarter worth $621,000.

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