Those statements were in response to broad declines in airline stocks, sparked by investor fears that cheap fuel would prompt carriers to oversupply the market.
Advertisement
Last week, the Associated Press (AP) reported the DOJ had initiated an investigation into whether American Airlines Group, Delta Air Lines (DL, Atlanta Hartsfield Jackson), United Airlines (UA, Chicago O’Hare), and Southwest Airlines (WN, Dallas Love Field) had colluded to limit the availability of seats, thus keeping airfares artificially high.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Darryl Genovesi and Isaac Husseini have a total average return of 10.3% and -13.1% respectively.
Overall, 3 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. With the volume soaring to 11,191,441 shares, the last trade was called at $39.31. The higher price target estimate is at $73 and the lower price target estimate is expected at $45 according to 12 Analyst. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Airlines Group in a research note on Thursday, June 11th. The 50-day moving average is $42.2 and the 200 day moving average is recorded at $48.26. Analysts surveyed by Zacks are anticipating earnings of $2.62 per share for the period closing on 2015-06-30. The company Insiders own 0.7% of American Airlines Group Inc. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.83 billion. The company has a market cap of $27,234 million and there are 692,799,000 shares in outstanding.
American Airlines Group Inc., formerly AMR Corporation, operates in the airline industry.
Advertisement
Charlotte is American’s second-busiest hub, after Dallas/Fort Worth. The Companys principal subsidiary is American Airlines, Inc. American also contracts with an independently owned regional airline, which does business as AmericanConnection (the AmericanConnection carrier). (American). As of December 31, 2011, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia.
