American Airlines Group (NASDAQ:AAL) Price Target Increased to $10.00 by Analysts at TD Cowen

American Airlines Group (NASDAQ:AAL) had its price objective hoisted by TD Cowen from $9.00 to $10.00 in a research report released on Friday, Marketbeat.com reports. TD Cowen currently has a hold rating on the airline’s stock.

Several other research analysts have also recently commented on the company. Evercore ISI increased their price target on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Evercore reduced their price target on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Barclays cut their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Finally, Susquehanna raised their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.40.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $13.15 on Friday. The stock has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.78. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15. The company has a market cap of $8.63 billion, a PE ratio of 21.92, a PEG ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that American Airlines Group will post 1.22 earnings per share for the current fiscal year.

Institutional Trading of American Airlines Group

Several hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its stake in 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 acquiring an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP increased its stake in American Airlines Group by 75.5% during the 2nd 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. SG Americas Securities LLC increased its stake in 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 worth $14,013,000 after acquiring an additional 1,098,865 shares during the period. Vanguard Group Inc. increased its stake in 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 acquiring an additional 806,770 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in American Airlines Group by 1,432.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after acquiring an additional 558,384 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

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.