American Airlines Group (NASDAQ:AAL) Price Target Raised to $12.00

American Airlines Group (NASDAQ:AAL) had its price objective lifted by Bank of America from $10.00 to $12.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Bank of America currently has a neutral rating on the airline’s stock.

Other research analysts have also issued reports about the company. TD Cowen boosted their price target on American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a research report on Friday, April 25th. Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 target price (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Raymond James Financial reduced their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Barclays decreased their target price on shares of American Airlines Group from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group cut their price target on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.68.

American Airlines Group Stock Up 0.5%

Shares of NASDAQ AAL opened at $11.69 on Tuesday. American Airlines Group has a twelve month low of $8.50 and a twelve month high of $19.10. The firm has a market cap of $7.71 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36. The business has a fifty day simple moving average of $11.12 and a two-hundred day simple moving average of $13.18.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The firm had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter last year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors have recently bought and sold shares of AAL. Avantax Advisory Services Inc. raised its position in American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after acquiring an additional 635 shares in the last quarter. M&T Bank Corp boosted its position in American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock worth $602,000 after purchasing an additional 794 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of American Airlines Group by 11.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,558 shares of the airline’s stock worth $101,000 after purchasing an additional 969 shares during the period. Vident Advisory LLC increased its holdings in shares of American Airlines Group by 3.2% during the 1st quarter. Vident Advisory LLC now owns 32,418 shares of the airline’s stock valued at $342,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of American Airlines Group by 10.0% during the 1st quarter. Signaturefd LLC now owns 11,289 shares of the airline’s stock valued at $119,000 after purchasing an additional 1,030 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.