American Airlines Group (NASDAQ:AAL) Price Target Raised to $10.00 at TD Cowen

American Airlines Group (NASDAQ:AAL) had its target price upped by equities researchers at TD Cowen to $10.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the airline’s stock. TD Cowen’s price objective indicates a potential downside of 21.75% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Jefferies Financial Group raised 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, October 2nd. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. lowered their price target on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Finally, Evercore cut their price objective on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.15.

American Airlines Group Trading Down 0.4 %

AAL opened at $12.78 on Friday. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The stock has a market cap of $8.38 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. The business’s 50 day moving average is $11.22 and its 200-day moving average is $11.79.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. As a group, analysts forecast that American Airlines Group will post 1.22 EPS for the current year.

Institutional Trading of American Airlines Group

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares in the last quarter. Primecap Management Co. CA lifted its position in American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after buying an additional 14,549,310 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after buying an additional 508,119 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after acquiring an additional 1,098,865 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

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.