American Airlines (AAL) Receives a Hold from Raymond James

Raymond James analyst Savanthi Syth maintained a Hold rating on American Airlines (AALResearch Report) today. The company’s shares closed last Thursday at $21.16.

According to TipRanks.com, Syth is a 4-star analyst with an average return of 9.5% and a 53.4% success rate. Syth covers the Industrial Goods sector, focusing on stocks such as Allegiant Travel Company, United Airlines Holdings, and Frontier Group Holdings.

Currently, the analyst consensus on American Airlines is a Moderate Sell with an average price target of $19.81, implying a -5.9% downside from current levels. In a report issued on July 14, Citigroup also upgraded the stock to Hold with a $21.50 price target.

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American Airlines’ market cap is currently $13.73B and has a P/E ratio of -1.40. The company has a Price to Book ratio of -0.94.

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AMR Corp. provides scheduled passenger, freight and mail services. The company provides services through its wholly owned subsidiaries which include American Airlines, Inc., and AMR Eagle Holding Corporation. The American Airlines, Inc. provides scheduled jet service to various destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation owns two regional airlines which do business as ‘American Eagle’ which include American Eagle Airlines, Inc. and Executive Airlines, Inc. which in turn collectively known as the American Eagle carriers. It also contracts with independently owned regional airlines, which does business as AmericanConnection. The company was founded in October 1982 and is headquartered in Fort Worth, TX.

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