American Airlines Group (NASDAQ:AAL) Stock Price Expected to Rise, TD Cowen Analyst Says

American Airlines Group (NASDAQ:AAL - Get Free Report) had its price objective lifted by equities researchers at TD Cowen to $13.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm currently has an "unchanged" rating on the airline's stock. TD Cowen's price target would suggest a potential upside of 33.33% from the stock's previous close.

A number of other research firms have also weighed in on AAL. Citigroup dropped their price target on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their target price on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. StockNews.com downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Barclays reduced their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI increased their target price on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.25.

American Airlines Group Stock Performance

Shares of AAL traded up $0.14 during mid-day trading on Friday, hitting $9.75. 65,084,738 shares of the company traded hands, compared to its average volume of 38,666,669. The stock has a 50-day moving average price of $11.47 and a two-hundred day moving average price of $14.25. American Airlines Group has a 1 year low of $8.50 and a 1 year high of $19.10. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, analysts forecast that American Airlines Group will post 2.42 EPS for the current year.

Insider Transactions at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares of the company's stock, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently made changes to their positions in AAL. Tidal Investments LLC grew its position in American Airlines Group by 63.1% during the 3rd quarter. Tidal Investments LLC now owns 66,249 shares of the airline's stock worth $745,000 after purchasing an additional 25,637 shares during the period. Retirement Systems of Alabama increased its position in shares of American Airlines Group by 451.2% during the third quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline's stock worth $8,967,000 after purchasing an additional 653,012 shares in the last quarter. Principal Financial Group Inc. grew its holdings in American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock valued at $17,084,000 after buying an additional 787,671 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in American Airlines Group in the 4th quarter valued at $409,000. Finally, Strathmore Capital Advisors Inc. purchased a new stake in American Airlines Group in the 4th quarter valued at $351,000. 52.44% of the stock is owned by institutional investors and hedge funds.

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.