American Airlines Group (NASDAQ:AAL - Get Free Report) had its price objective raised by research analysts at TD Cowen from $10.00 to $17.00 in a report released on Friday, Marketbeat reports. The brokerage currently has a "hold" rating on the airline's stock. TD Cowen's price target would suggest a potential downside of 2.30% from the company's current price.
Several other brokerages also recently issued reports on AAL. 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. Jefferies Financial Group upped their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Wednesday, October 2nd. Redburn Atlantic raised shares of American Airlines Group to a "hold" rating in a report on Tuesday, September 3rd. Seaport Res Ptn upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Finally, Citigroup increased their price objective on American Airlines Group from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued 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 a consensus rating of "Hold" and a consensus target price of $14.82.
Read Our Latest Research Report on AAL
American Airlines Group Stock Performance
Shares of NASDAQ:AAL traded up $0.02 on Friday, hitting $17.40. The stock had a trading volume of 43,073,043 shares, compared to its average volume of 20,513,374. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 52.73, a price-to-earnings-growth ratio of 0.26 and a beta of 1.41. The firm's 50 day moving average price is $13.44 and its 200-day moving average price is $11.83. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $18.09.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $13.65 billion for the quarter, compared to analysts' expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, sell-side analysts predict that American Airlines Group will post 1.49 EPS for the current year.
Institutional Investors Weigh In On American Airlines Group
Several large investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after purchasing an additional 911 shares during the period. CWM LLC lifted its position in shares of American Airlines Group by 5.2% in the second quarter. CWM LLC now owns 21,540 shares of the airline's stock valued at $244,000 after buying an additional 1,059 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of American Airlines Group by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline's stock worth $169,000 after acquiring an additional 1,126 shares during the period. Signaturefd LLC increased its holdings in shares of American Airlines Group by 16.5% during the 2nd quarter. Signaturefd LLC now owns 9,470 shares of the airline's stock worth $107,000 after acquiring an additional 1,343 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in American Airlines Group by 4.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline's stock valued at $368,000 after acquiring an additional 1,459 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.
About American Airlines Group
(
Get Free Report)
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.
Recommended Stories
Before you consider American Airlines Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Airlines Group wasn't on the list.
While American Airlines Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
