American Airlines Group (NASDAQ:AAL) Price Target Raised to $11.00

American Airlines Group (NASDAQ:AAL) had its price objective increased by Jefferies Financial Group from $10.00 to $11.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the airline’s stock.

Other equities analysts also recently issued research reports about the stock. Sanford C. Bernstein downgraded shares of American Airlines Group from an outperform rating to a market perform rating and decreased their price objective for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. dropped their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. BNP Paribas upgraded shares of American Airlines Group to a hold rating in a research report on Thursday, September 19th. TD Cowen downgraded American Airlines Group from a buy rating to a hold rating and cut their price objective for the stock from $16.00 to $10.00 in a research report on Wednesday, July 17th. Finally, Evercore ISI decreased their price objective on American Airlines Group to $10.00 and set a hold rating on the stock in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $13.15.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $11.51 on Wednesday. The stock has a market capitalization of $7.55 billion, a P/E ratio of 19.18, a PEG ratio of 0.27 and a beta of 1.43. The company has a 50 day moving average price of $10.53 and a 200 day moving average price of $12.01. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $16.15.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same quarter last year, the company earned $1.92 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that American Airlines Group will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Maverick Capital Ltd. lifted its position in shares of American Airlines Group by 95.3% during the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after acquiring an additional 94,573 shares during the period. Sei Investments Co. increased its position in shares of American Airlines Group by 14.7% during the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after buying an additional 153,515 shares during the period. ORG Partners LLC bought a new stake in American Airlines Group during the 2nd quarter worth approximately $36,000. Cetera Investment Advisers boosted its holdings in American Airlines Group by 271.8% in 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 during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in American Airlines Group during the second quarter valued at $5,452,000. 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.