American Airlines Group (NASDAQ:AAL) Price Target Raised to $22.00 at Sanford C. Bernstein

American Airlines Group (NASDAQ:AAL) had its price target increased by Sanford C. Bernstein from $21.00 to $22.00 in a report issued on Monday, Benzinga reports. The firm currently has an outperform rating on the airline’s stock.

Other analysts have also issued reports about the stock. TD Cowen upgraded shares of American Airlines Group from a market perform rating to an outperform rating and raised their price target for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Wolfe Research raised shares of American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 price objective for the company in a report on Monday, January 22nd. Jefferies Financial Group raised shares of American Airlines Group from a hold rating to a buy rating and set a $18.00 price objective for the company in a report on Thursday, January 11th. JPMorgan Chase & Co. raised their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a report on Friday, January 26th. Finally, Citigroup reaffirmed a buy rating and set a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $17.60.

American Airlines Group Stock Up 0.4 %

Shares of AAL opened at $14.48 on Monday. The company’s fifty day moving average is $14.26 and its 200-day moving average is $13.77. American Airlines Group has a 12 month low of $10.86 and a 12 month high of $19.08. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 0.20 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that American Airlines Group will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in American Airlines Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock valued at $1,010,566,000 after buying an additional 667,660 shares in the last quarter. U S Global Investors Inc. increased its holdings in shares of American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. Invesco Ltd. increased its holdings in shares of American Airlines Group by 28.3% in the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock valued at $155,249,000 after purchasing an additional 2,672,793 shares during the last quarter. Northern Trust Corp increased its holdings in shares of American Airlines Group by 2.1% in the third quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock valued at $60,825,000 after purchasing an additional 98,130 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of American Airlines Group in the third quarter valued at $59,411,000. Institutional investors and hedge funds 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.