American Airlines Group (AAL): Price Target and June Short Interest Disclosure

American Airlines Group (AAL) : The consensus price target for American Airlines Group (AAL) is $42.67 for the short term with a standard deviation of $6.73. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $29.

American Airlines Group (AAL) encountered a rise of 9.6% or 3,790,899 shares in the short positions. The number escalated from 39,496,967 on June 15,2016 to 43,287,866 on June 30,2016. The final interest is 7.6% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 15,646,765 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Credit Suisse, downgrades their rating on the shares of American Airlines Group (NASDAQ:AAL). Credit Suisse has a Underperform rating on the shares. Previously, the analysts had a Outperform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $28 per share from a prior target of $47. The rating by the firm was issued on July 6, 2016.


American Airlines Group (NASDAQ:AAL): stock turned positive on Thursday. Though the stock opened at $35.11, the bulls momentum made the stock top out at $36.19 level for the day. The stock recorded a low of $35 and closed the trading day at $35.88, in the green by 4.15%. The total traded volume for the day was 16,884,414. The stock had closed at $34.45 in the previous days trading.

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 Groups principal subsidiary include US Airways, Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines, Inc. (Piedmont), and PSA Airlines, Inc. (PSA). AAGs primary business activity includes the operation of two network carriers through its principal, wholly-owned mainline operating subsidiaries: American and US Airways. The Companys airlines operate an average of approximately 6,700 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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