American Airlines Group (NASDAQ:AAL) Price Target Raised to $9.00 at TD Cowen

American Airlines Group (NASDAQ:AAL) had its price objective hoisted by TD Cowen from $7.00 to $9.00 in a research report report published on Thursday, MarketBeat.com reports. They currently have a hold rating on the airline’s stock.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group raised their price target 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. TD Securities cut their target price on shares of American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Sanford C. Bernstein downgraded shares of American Airlines Group from an outperform rating to a market perform rating and lowered their price target for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. Evercore dropped their price target on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Finally, BNP Paribas upgraded American Airlines Group to a hold rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of Hold and an average price target 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 12-month low of $9.07 and a 12-month high of $16.15. The business has a 50 day moving average of $10.53 and a 200-day moving average of $11.98. The stock has a market cap of $7.55 billion, a PE ratio of 19.18, a P/E/G ratio of 0.27 and a beta of 1.43.

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

Institutional Trading of American Airlines Group

Several institutional investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in American Airlines Group during the fourth quarter valued at about $27,000. UMB Bank n.a. boosted its holdings in American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares during the period. Quarry LP purchased a new position in American Airlines Group in the 4th quarter valued at approximately $34,000. Beaird Harris Wealth Management LLC raised its holdings in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of American Airlines Group during the second quarter worth $36,000. 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.