American Airlines Group (NASDAQ:AAL) Price Target Increased to $10.00 by Analysts at Bank of America

American Airlines Group (NASDAQ:AAL) had its price target upped by investment analysts at Bank of America from $9.00 to $10.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “underperform” rating on the airline’s stock. Bank of America‘s price objective would suggest a potential downside of 24.36% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Evercore ISI boosted their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Evercore reduced their price objective on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Finally, TD Cowen lifted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $13.40.

American Airlines Group Stock Performance

American Airlines Group stock traded up $0.44 during trading hours on Friday, hitting $13.22. 29,994,145 shares of the stock were exchanged, compared to its average volume of 34,849,855. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15. The business’s 50-day moving average is $11.22 and its two-hundred day moving average is $11.79. The stock has a market capitalization of $8.67 billion, a P/E ratio of 22.03, a P/E/G ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. On average, equities analysts predict that American Airlines Group will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAL. Beaird Harris Wealth Management LLC grew its position in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the period. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the period. UMB Bank n.a. increased its position in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares in the last quarter. Sentry Investment Management LLC bought a new stake in American Airlines Group in the 2nd quarter valued at $36,000. Finally, ORG Partners LLC bought a new position in American Airlines Group during the 2nd quarter worth about $36,000. 52.44% of the stock is owned by institutional investors and hedge funds.

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.