American Airlines Group (NASDAQ:AAL) Price Target Raised to $26.00 at TD Cowen

American Airlines Group (NASDAQ:AAL - Get Free Report) had its target price upped by investment analysts at TD Cowen to $26.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage currently has a "buy" rating on the airline's stock. TD Cowen's price objective suggests a potential upside of 143.70% from the stock's previous close.

Several other brokerages also recently commented on AAL. Seaport Res Ptn upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. Evercore ISI upped their price target on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a report on Thursday, January 9th. Bank of America dropped their price target on American Airlines Group from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday. StockNews.com raised shares of American Airlines Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.37.

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American Airlines Group Trading Down 2.4 %

Shares of AAL traded down $0.26 during mid-day trading on Thursday, reaching $10.67. The company had a trading volume of 39,664,840 shares, compared to its average volume of 41,438,766. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The firm has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $14.42. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. As a group, equities analysts predict that American Airlines Group will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently modified their holdings of AAL. Golden State Wealth Management LLC bought a new stake in American Airlines Group in the 4th quarter valued at about $25,000. Brooklyn Investment Group grew its position in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after buying an additional 909 shares in the last quarter. Elequin Capital LP increased its stake in American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after acquiring an additional 1,182 shares during the period. Bfsg LLC lifted its position in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after acquiring an additional 1,500 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in American Airlines Group during the fourth quarter worth about $42,000. Institutional investors and hedge funds 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.

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