Morgan Stanley Issues Positive Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL - Get Free Report) had its target price increased by research analysts at Morgan Stanley from $18.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the airline's stock. Morgan Stanley's price objective indicates a potential upside of 25.14% from the stock's previous close.

A number of other analysts have also commented on AAL. Seaport Res Ptn raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Scotiabank upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price target on the stock in a research report on Thursday, December 5th. Jefferies Financial Group increased their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. BNP Paribas raised American Airlines Group to a "hold" rating in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $15.76.

American Airlines Group Trading Up 0.5 %

Shares of AAL stock traded up $0.09 during trading hours on Wednesday, hitting $17.58. 20,693,418 shares of the company's stock were exchanged, compared to its average volume of 33,879,313. The company has a market capitalization of $11.55 billion, a PE ratio of 53.00, a PEG ratio of 0.30 and a beta of 1.41. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $18.20. The business's 50 day simple moving average is $13.69 and its 200-day simple moving average is $11.85.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that American Airlines Group will post 1.53 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 0.8% during the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline's stock valued at $644,498,000 after acquiring an additional 458,310 shares during the period. U S Global Investors Inc. lifted its holdings in American Airlines Group by 5.9% during the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline's stock valued at $102,151,000 after purchasing an additional 508,119 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock worth $48,047,000 after purchasing an additional 1,823,928 shares during the period. Toronto Dominion Bank increased its stake in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock worth $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock valued at $17,084,000 after purchasing an additional 787,671 shares during the period. Hedge funds and other institutional investors 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.