American Airlines Group (NASDAQ:AAL) Price Target Raised to $22.00

American Airlines Group (NASDAQ:AAL) had its target price raised by research analysts at Sanford C. Bernstein from $21.00 to $22.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the airline’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 58.84% from the company’s current price.

Several other brokerages also recently issued reports on AAL. UBS Group initiated coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price for the company. Evercore ISI reaffirmed a “hold” rating and set a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Wolfe Research upgraded shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, American Airlines Group has an average rating of “Hold” and an average target price of $17.60.

American Airlines Group Stock Down 0.1 %

Shares of AAL stock opened at $13.85 on Monday. American Airlines Group has a 12-month low of $10.86 and a 12-month high of $19.08. The firm has a fifty day moving average of $14.34 and a 200-day moving average of $13.71. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 0.20 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period last year, the business posted $0.05 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts expect that American Airlines Group will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AAL. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group during the fourth quarter worth about $27,000. Gables Capital Management Inc. lifted its stake in American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. GoalVest Advisory LLC bought a new stake in shares of American Airlines Group during the first quarter valued at approximately $38,000. Quarry LP bought a new position in American Airlines Group in the fourth quarter worth about $34,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of American Airlines Group during the third quarter valued at about $33,000. Hedge funds and other 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.