American Airlines Group (NASDAQ:AAL) Price Target Raised to $26.00

American Airlines Group (NASDAQ:AAL) had its price objective boosted by TD Cowen to $26.00 in a research report sent to investors on Thursday morning,Stock Target Advisor reports. The brokerage currently has a buy rating on the airline’s stock.

Several other analysts also recently commented on AAL. Evercore ISI raised their price objective on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 9th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.37.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $10.87 on Thursday. The company has a market capitalization of $7.15 billion, a PE ratio of 9.54, a P/E/G ratio of 0.21 and a beta of 1.27. The company has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $14.43. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Research analysts predict that American Airlines Group will post 2.42 EPS for the current year.

Insider Transactions at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Several large investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its holdings in American Airlines Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after buying an additional 635 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in American Airlines Group by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock valued at $2,332,000 after buying an additional 774 shares in the last quarter. M&T Bank Corp grew its holdings in American Airlines Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock valued at $602,000 after buying an additional 794 shares in the last quarter. Brooklyn Investment Group grew its holdings in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in American Airlines Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after buying an additional 981 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.