American Airlines Group (NASDAQ:AAL) Price Target Raised to $15.00 at Sanford C. Bernstein

American Airlines Group (NASDAQ:AAL) had its target price raised by Sanford C. Bernstein from $12.00 to $15.00 in a research report sent to investors on Tuesday,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the airline’s stock.

AAL has been the topic of a number of other research reports. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Citigroup cut their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Raymond James decreased their price target on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, Susquehanna reduced their target price on American Airlines Group from $18.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.68.

American Airlines Group Stock Performance

Shares of AAL opened at $12.30 on Tuesday. The business’s 50-day moving average is $10.52 and its two-hundred day moving average is $14.09. The company has a market capitalization of $8.11 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.21 and a beta of 1.31. American Airlines Group has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business had revenue of $12.55 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter last year, the company earned ($0.34) EPS. The business’s revenue was down .2% on a year-over-year basis. Analysts forecast that American Airlines Group will post 2.42 EPS for the current year.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its position in American Airlines Group by 91.5% in the first quarter. Raymond James Financial Inc. now owns 423,791 shares of the airline’s stock valued at $4,471,000 after purchasing an additional 202,477 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of American Airlines Group by 121.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 12,604 shares of the airline’s stock valued at $133,000 after buying an additional 6,905 shares during the period. Russell Investments Group Ltd. lifted its stake in American Airlines Group by 169.6% during the 1st quarter. Russell Investments Group Ltd. now owns 485,995 shares of the airline’s stock worth $5,128,000 after acquiring an additional 305,740 shares in the last quarter. Bulltick Wealth Management LLC purchased a new position in American Airlines Group during the 1st quarter valued at about $472,000. Finally, HighTower Advisors LLC grew its position in American Airlines Group by 34.5% in the 1st quarter. HighTower Advisors LLC now owns 45,334 shares of the airline’s stock valued at $478,000 after acquiring an additional 11,628 shares in 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.