American Airlines Group Inc (NASDAQ:AAL) Drop Over 4.5%

American Airlines Group Inc (NASDAQ:AAL)

April 10th, 2018

Amidst rising markets American Airlines Group Inc finished the trading session down 4.74%, a $2.36 decrease to close on $47.46. Despite the drop in value, trading volumes were solid at over three times normal which can indicate investor opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.47. The next earnings report is expected in approximately 15 days.

AAL was outperformed by the rest of the Industrials sector which went up 1.53%.

Expectations from 18 analysts, points to the possibility that American Airlines Group Inc could increase significantly (36%), while Finbox has calculated (with low uncertainty) a fair value price of $53.09.

American Airlines Group Inc Info

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, D.C. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1934 and is headquartered in Fort Worth, Texas.

All amounts in USD

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that American Airlines Group Inc’s score is 1.47) is the trigger to be alert for this situation.

Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US News Tribune. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.