Evercore ISI Raises American Airlines Group (NASDAQ:AAL) Price Target to $12.00

American Airlines Group (NASDAQ:AAL) had its price objective boosted by Evercore ISI from $10.00 to $12.00 in a research report report published on Thursday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the airline’s stock.

A number of other brokerages have also weighed in on AAL. TD Securities lowered their target price on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. BNP Paribas upgraded American Airlines Group to a hold rating in a report on Thursday, September 19th. TD Cowen increased their target price on shares of American Airlines Group from $7.00 to $9.00 and gave the stock a hold rating in a report on Thursday. Evercore reduced their price target on shares of American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Finally, Jefferies Financial Group increased their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a hold rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of Hold and a consensus target price of $13.15.

American Airlines Group Trading Up 6.4 %

NASDAQ AAL opened at $11.51 on Thursday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15. The company’s 50-day moving average price is $10.53 and its 200-day moving average price is $12.00. The stock has a market cap of $7.55 billion, a PE ratio of 19.18, a PEG ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. During the same period in the prior year, the firm earned $1.92 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that American Airlines Group will post 1.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Maverick Capital Ltd. grew its stake in shares of American Airlines Group by 95.3% during the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock worth $2,196,000 after acquiring an additional 94,573 shares during the last quarter. Sei Investments Co. boosted its stake in American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after purchasing an additional 153,515 shares in the last quarter. ORG Partners LLC acquired a new stake in American Airlines Group in the 2nd quarter worth approximately $36,000. Cetera Investment Advisers increased its stake in American Airlines Group by 271.8% during the 1st quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after purchasing an additional 136,797 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of American Airlines Group in the second quarter worth $5,452,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Company Profile

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.