American Airlines Group Inc (NASDAQ:AAL) reported January 2016 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) were 17.1 billion, up 1.6 percent versusJanuary 2015. Total capacity was 21.4 billion available seat miles (ASMs), down 0.3 percent versus January 2015. Total passenger load factor was 79.7 percent, up 1.5 percentage points versus January 2015.
The Company continues to expect its first quarter 2016 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 6 to 8 percent year-over-year. In addition, the Company continues to expect its first quarter pretax margin excluding special items to be between 12 and 14 percent. (Original Source)
Shares of AAL closed yesterday at $35.55 . AAL has a 1-year high of $56.05 and a 1-year low of $34.10. The stock’s 50-day moving average is $40.13 and its 200-day moving average is $41.67.
On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report issued on February 4, J.P. Morgan analyst Jamie Baker maintained a Buy rating on AAL, with a price target of $50.50, which represents a potential upside of 42.1% from where the stock is currently trading. Separately, on February 1, Cowen’s Helane Becker upgraded the stock to Buy and has a price target of $48.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jamie Baker and Helane Becker have a total average return of -3.2% and 23.2% respectively. Baker has a success rate of 44.3% and is ranked #2685 out of 3556 analysts, while Becker has a success rate of 66.9% and is ranked #10.
The street is mostly Bullish on AAL stock. Out of 7 analysts who cover the stock, 7 suggest a Buy rating . The 12-month average price target assigned to the stock is $50.25, which represents a potential upside of 41.4% from where the stock is currently trading.
American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.