American Airlines Group (NASDAQ:AAL - Get Free Report) was upgraded by equities research analysts at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating in a research report issued on Tuesday, MarketBeat reports. The brokerage currently has a $24.00 price objective on the airline's stock, up from their prior price objective of $14.00. Sanford C. Bernstein's price objective would suggest a potential upside of 37.22% from the stock's current price.
Other research analysts have also recently issued reports about the stock. Citigroup increased their price target on shares of American Airlines Group from $16.00 to $19.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price target on American Airlines Group from $15.00 to $20.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Redburn Atlantic raised American Airlines Group to a "hold" rating in a report on Tuesday, September 3rd. UBS Group downgraded American Airlines Group from a "buy" rating to a "neutral" rating and set a $16.00 target price for the company. in a report on Tuesday, November 26th. Finally, Bank of America upped their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company an "underperform" rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $15.52.
Get Our Latest Stock Report on American Airlines Group
American Airlines Group Trading Up 1.9 %
Shares of American Airlines Group stock traded up $0.33 during trading on Tuesday, hitting $17.49. 33,567,704 shares of the stock were exchanged, compared to its average volume of 33,912,777. The company has a fifty day moving average price of $13.56 and a 200-day moving average price of $11.83. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $18.21.
American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that American Airlines Group will post 1.53 EPS for the current fiscal year.
Institutional Investors Weigh In On American Airlines Group
A number of large investors have recently modified their holdings of AAL. Blue Trust Inc. boosted its stake in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. UMB Bank n.a. lifted its stake in American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline's stock valued at $32,000 after purchasing an additional 2,264 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in American Airlines Group in the second quarter valued at approximately $36,000. ORG Partners LLC bought a new stake in shares of American Airlines Group during the second quarter worth $36,000. Finally, First Command Advisory Services Inc. bought a new position in shares of American Airlines Group in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 52.44% of the company's stock.
About American Airlines Group
(
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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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