Jefferies Financial Group Increases American Airlines Group (NASDAQ:AAL) Price Target to $11.00

American Airlines Group (NASDAQ:AAL) had its price target raised by Jefferies Financial Group from $10.00 to $11.00 in a research note released on Wednesday, Benzinga reports. They currently have a hold rating on the airline’s stock.

Several other equities analysts have also issued reports on the company. Evercore dropped their price objective on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Redburn Atlantic upgraded American Airlines Group to a hold rating in a research note on Tuesday, September 3rd. Sanford C. Bernstein cut American Airlines Group from an outperform rating to a market perform rating and reduced their price objective for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Finally, TD Securities cut their target price on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $13.15.

American Airlines Group Stock Performance

AAL opened at $11.51 on Wednesday. American Airlines Group has a one year low of $9.07 and a one year high of $16.15. The company has a market cap of $7.55 billion, a P/E ratio of 19.18, a PEG ratio of 0.27 and a beta of 1.43. The business’s 50-day simple moving average is $10.53 and its 200-day simple moving average is $12.00.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. The business had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 EPS. As a group, analysts predict that American Airlines Group will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares in the last quarter. Primecap Management Co. CA boosted its holdings in American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after buying an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP grew its position in American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares during the period. Par Capital Management Inc. increased its holdings in American Airlines Group by 0.4% in the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after buying an additional 10,600 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of American Airlines Group by 743.1% during the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after acquiring an additional 1,098,865 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.