Credit Suisse Maintains American Airlines Group Inc to Outperform with Price Target $49.00

Brokerage firm Credit Suisse Maintains its rating on American Airlines Group Inc(NASDAQ:AAL). In a research note issued to the investors, the brokerage major Lowers the price-target to $49.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Apr 12, 2016.

In a different note, On Apr 1, 2016, Deutsche Bank said it Downgrades its rating on American Airlines Group Inc. The shares have been rated ‘Hold’ by the firm. Stephens & Co. said it Initiates Coverage on American Airlines Group Inc, according to a research note issued on Mar 29, 2016. The shares have been rated ‘Equal-weight’ by the firm. On Mar 24, 2016, Stifel Nicolaus said it Maintains its rating on American Airlines Group Inc. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 24, 2016, Raymond James said it Upgrades its rating on American Airlines Group Inc. The shares have been rated ‘Outperform’ by the firm. On Feb 4, 2016, JP Morgan said it Maintains its rating on American Airlines Group Inc. In the research note, the firm Lowers the price-target to $66.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 1, 2016, Cowen & Company said it Upgrades its rating on American Airlines Group Inc. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Outperform’ by the firm.

American Airlines Group Inc (AAL) shares turned negative on Fridays trading session with the shares closing down -0.26 points or -0.63% at a volume of 69,82,204. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.36. The peak price level was also seen at $41.36 while the days lowest was $40.72. Finally the shares closed at $40.91. The 52-week high of the shares is $53.47 while the 52-week low is $34.1. According to the latest information available, the market cap of the company is $24,669 M.

American Airlines Group Inc(AAL) last announced its earnings results on Jan 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $9.63B. Analysts had an estimated revenue of $9.65B. Earnings per share were $2.00. Analysts had estimated an EPS of $1.95.

Several Insider Transactions has been reported to the SEC. On Apr 4, 2016, W Douglas Parker (Chairman and CEO) sold 4,113 shares at $40.13 per share price.Also, On Mar 14, 2016, Andrew P Nocella (SVP Chief Marketing Officer) sold 684 shares at $42.43 per share price.On Feb 24, 2016, Maya Leibman (EVP Chief Information Officer) sold 100,000 shares at $40.74 per share price, according to the Form-4 filing with the securities and exchange commission.

American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines Inc. (American) US Airways Group Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Group’s principal subsidiary include US Airways Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines Inc. (Piedmont) and PSA Airlines Inc. (PSA). AAG’s primary business activity includes the operation of two network carriers through its principal wholly-owned mainline operating subsidiaries: American and US Airways. The Company’s airlines operate an average of approximately 6700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte Chicago Dallas/Fort Worth (DFW) Los Angeles Miami New York Philadelphia Phoenix and Washington District of Columbia.

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