Equities research analysts reduced their PT on shares of American Airlines Group (NASDAQ:AAL) from $68.00 to $58.00 in a research note issued to investors on Thursday. The firm currently has an “overweight” rating on the airline’s stock. Barclays’ price objective points to a potential upside of 45.44% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Airlines Group in a research note on Thursday, June 11th. Analysts at Deutsche Bank set a $50.00 price target on shares of American Airlines Group and gave the company a “hold” rating in a research note on Wednesday, June 10th. Analysts at Imperial Capital lowered their price target on shares of American Airlines Group from $82.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 10th. Finally, analysts at Cowen and Company lowered their price target on shares of American Airlines Group from $55.00 to $45.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 9th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group has a consensus rating of “Buy” and a consensus price target of $58.68.
Shares of American Airlines Group (NASDAQ:AAL) opened at 39.88 on Thursday. American Airlines Group has a one year low of $28.10 and a one year high of $56.20. The stock has a 50-day moving average of $44. and a 200-day moving average of $48.. The company has a market cap of $27.63 billion and a P/E ratio of 8.71.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, April 24th. The airline reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. The company had revenue of $9.83 billion for the quart
The more you lie as a democrat the more valuable you become to the party lines, add a little blood to your resume & hell you can run for president.
If you think there well be a bounce, forget! LOCK offers absolute no more protection then your bank does. This will trade under $5. This law suite will take at least a year to resolve, dead money at best.
Today, the FTC claims LifeLock violated the 2010 order by "1) failing to establish and maintain a comprehensive information security program to protect its users’ sensitive personal data, including credit card, social security, and bank account numbers; 2) falsely advertising that it protected consumers’ sensitive data with the same high-level safeguards as financial institutions; and 3) failing to meet the 2010 order’s recordkeeping requirements." The commission voted 4-1 to take action.
The company has a $10.7 billion debt load and continual losses quarter after quarter. Case in point was a loss of $263 million in the second quarter of 2015 on $455 million of revenue.
There are a few alarming numbers in last quarter's report besides the loss. First is that marketing and administration costs were $259 million, more than two and a half times the $103 million gross margin the company generated. On top of that, interest expense was $146 million, again more than gross margin.
With losses mounting and debt piling up, the only way for SunEdison to get out from under the pressure is to build more projects even faster with even more debt. It's the only path to potential profitability, but it's fraught with risk if interest rates rise or competitors with better technology begin winning projects. Given First Solar and SunPower's profitable results over the last two weeks, I think that second concern is bigger than SunEdison wants to admit.
I give Sune les then 2 years before it folds.
Micron Technology stock price target cut to $15 from $36 at RW Baird
The sell-side firm believes that JinkoSolar remains the lowest cost Tier 1 manufacturer with cost now at 42 cents per watt. Along with the Malaysia facility, the company remains best positioned to ship tariff-free modules to the US providing above-peer margins for the short run.
The sell-side firm increased its FY15 EPS from $3.98 to $4.67, while boosting its full-year 2016 EPS forecast from $6.12 to $6.29.
The solar company reported a revenue of $516.2 million during the three-month period, which surpassed consensus estimates of $468 million. The beat was primarily driven by higher third party shipments to the US and China, and lower than guided downstream shipments. Gross margin increased by 40 basis points (bps) to 20.7%.
Out of nine analysts who cover the stock, six rate it a Buy, while two suggest a Hold. The 12-month average target price stands at $33.13, implying upward potential of 97% over the current stock trading price of $16.82 at the closing price on Friday.
Can we say this is once in a life time to make some serious money going long at $16.80
No lets elected another flaming loser liberal like Obama. Middle east is on fire because the idiot sitting in the White House you moron.
If you take their 2014 revenue of $42.7 bil, raise it by the .07 growth rate and then shrink it for PRASM at midpoint of -.07 gives you a revenue of $39.9 bil, then you take their guidance of pretax margin of 16-18%, (use 17%), that gives you an annualized pretax of $6.8 billion. With 693 million shares, that comes to earnings of $9.81 for 2015. Not armageddon.
2015 have fallen from $10.43 to $9.15
2016 have fallen of a cliff from $8.73 to $7.00
And you dumb bag holders wonder why the stock price is dropping! Fools
The investigation has been going on for about two months, a person familiar with the matter said, and predates a letter from Sen. Richard Blumenthal (D., Conn.) that asked the department to look into whether carriers were colluding to slow growth.
Oh Barry & the boys are coming to get you! LOl... Friends don't let friends vote democrate ever!
U.S. crude production hits 43-year high
So much for the decline in the rig count. According to the EIA, U.S. crude oil production hit about 9.6M barrels per day in May, its highest monthly level in 43 years. In May 2014, production was 8.4M barrels per day - at the time a 26-year high.
The all-time high of about 10M barrels per day was in the early 1970s.
As for the full year, the EIA boosts its estimate of average monthly production to 9.43M barrels per day from 9.19M. In 2016, the EIA sees production of 9.27M bpd vs. a previous estimate of 9.21M.
American Airlines Group's total revenue passenger miles (RPMs) for the month were 19.3 billion, up 0.7 percent versus May 2014. Total capacity was 23.3 billion available seat miles (ASMs), up 2.1 percent versus May 2014. Total passenger load factor was 82.8 percent for the month of May, down 1.2 percentage points versus May 2014.
Based on two months of actual data and one month of forecast, the Company expects its second quarter 2015 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 6 to 8 percent. In addition, the Company expects its second quarter fuel price to be approximately $1.86 to $1.91 per gallon. The Company now expects its second quarter pretax margin excluding special items to be between 16 and 18 percent.
2015 earnings estimates have fallen from $10.40 to $9.36
2016 earnings estimates have fallen from $8.73 to $7.11
AAL shares are now fairly value. No growth ,declining earnings no reason to go long. Any pop sell into it.
Barclays downgraded Southwest (NYSE: LUV) from Overweight to Underweight ...
Barclays downgraded the airline's stock to "underweight" from "overweight," saying the stock is now trading at too large a premium to its peers.
Bulls are scared to deaf of the bears, looks like the bears will smack the bulls down to $38 or less. Pretty amazing to watch, should be the other way around.
Airline fares rose 5.7% in May on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
The average fare was still down 6.6% from last year on an unadjusted basis after the sector ran off a string of months with decreases.
Fares fell 1.3% in April and 1.7% in March.
If the bump in fares extends it could alleviate some concerns in the industry over capacity growth.