American Airlines Group (NASDAQ:AAL) PT Raised to $9.00

American Airlines Group (NASDAQ:AAL) had its price target increased by equities research analysts at TD Cowen from $7.00 to $9.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “hold” rating on the airline’s stock. TD Cowen’s target price suggests a potential downside of 21.81% from the stock’s previous close.

Several other brokerages also recently issued reports on AAL. TD Securities reduced their price objective on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Evercore ISI decreased their price target on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a report on Friday, July 26th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Finally, Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus target price of $13.15.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $11.51 on Thursday. The business has a fifty day moving average of $10.53 and a 200-day moving average of $12.01. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.27 and a beta of 1.43. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $16.15.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AAL. Vanguard Group Inc. increased its position in shares of American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after acquiring an additional 806,770 shares during the last quarter. Primecap Management Co. CA boosted its holdings in shares of American Airlines Group by 34.4% during the 2nd 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 during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 1,823,928 shares during the period. Par Capital Management Inc. grew its holdings in American Airlines Group by 0.4% in the 4th 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 grew its stake in shares of American Airlines Group by 743.1% in the third 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 in the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Company Profile

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.