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

American Airlines Group (NASDAQ:AAL) had its target price increased by Evercore ISI from $10.00 to $12.00 in a report released on Thursday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the airline’s stock.

Other equities research analysts also recently issued reports about the company. Barclays cut their price target on American Airlines Group from $14.00 to $10.00 and set an underweight rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their target price on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a hold rating in a report on Tuesday, September 3rd. TD Cowen upped their price objective on American Airlines Group from $7.00 to $9.00 and gave the stock a hold rating in a research report on Thursday. Finally, TD Securities cut their target price on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Two investment 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 MarketBeat.com, American Airlines Group presently has an average rating of Hold and an average target price of $13.15.

American Airlines Group Stock Up 6.4 %

Shares of NASDAQ AAL opened at $11.51 on Thursday. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15. The business’s 50 day moving average price is $10.53 and its 200 day moving average price is $12.00. The firm has a market cap of $7.55 billion, a P/E ratio of 19.18, a P/E/G ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. The business had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. As a group, research analysts expect that American Airlines Group will post 1.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AAL. TFO Wealth Partners LLC increased its position in shares of American Airlines Group by 115,475.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,623 shares of the airline’s stock worth $64,000 after purchasing an additional 4,619 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of American Airlines Group by 82.8% in the fourth quarter. Cibc World Markets Corp now owns 65,920 shares of the airline’s stock worth $906,000 after buying an additional 29,858 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in American Airlines Group during the fourth quarter worth about $27,000. Appian Way Asset Management LP purchased a new stake in American Airlines Group during the 4th quarter valued at about $1,991,000. Finally, Cantor Fitzgerald L. P. raised its holdings in American Airlines Group by 78.5% in the 4th quarter. Cantor Fitzgerald L. P. now owns 38,550 shares of the airline’s stock valued at $530,000 after acquiring an additional 16,950 shares during the last quarter. Institutional investors and hedge funds 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.