American Airlines Group Inc (AAL) is Reiterated by Cowen to Outperform, Raises Price Target to $ 43

American Airlines Group Inc (AAL) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 43 from a previous price target of $42 . Cowen advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on American Airlines Group Inc. Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .American Airlines Group Inc was Downgraded by Credit Suisse to ” Underperform” on Jul 6, 2016. American Airlines Group Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 16, 2016.

On the company’s financial health, American Airlines Group Inc reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.68. The company had revenue of $10363.00 million for the quarter, compared to analysts expectations of $10330.26 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.62 EPS.

American Airlines Group Inc closed down -0.09 points or -0.25% at $35.92 with 1,30,98,351 shares getting traded on Wednesday. Post opening the session at $36.07, the shares hit an intraday low of $35.39 and an intraday high of $36.725 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 13, 2016, Beverly K. Goulet, (EVP Chief Integration Officer) sold 40,000 shares at $33.88 per share price. According to the SEC, on Jun 13, 2016, Richard P Schifter (director) purchased 3,000 shares at $32.13 per share price. On May 16, 2016, Jeffrey D Benjamin (director) purchased 35,000 shares at $31.79 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.

American Airlines Group Inc

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