American Airlines Group (NASDAQ:AAL) Stock Price Expected to Rise, TD Cowen Analyst Says

American Airlines Group (NASDAQ:AAL) had its target price hoisted by stock analysts at TD Cowen from $10.00 to $17.00 in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm presently has a “hold” rating on the airline’s stock. TD Cowen’s target price would indicate a potential downside of 2.19% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. Barclays upgraded American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $10.00 to $16.00 in a research note on Thursday, November 14th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their target price on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and an average price target of $14.70.

American Airlines Group Price Performance

NASDAQ:AAL opened at $17.38 on Friday. The business’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $11.81. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $17.80. The stock has a market capitalization of $11.42 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last announced 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. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that American Airlines Group will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently made changes to their positions in AAL. Austin Private Wealth LLC bought a new stake in American Airlines Group during the third quarter valued at $723,000. Maverick Capital Ltd. increased its holdings in American Airlines Group by 95.3% in the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock worth $2,196,000 after purchasing an additional 94,573 shares in the last quarter. Sei Investments Co. lifted its stake in American Airlines Group by 14.7% in the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after buying an additional 153,515 shares during the period. U S Global Investors Inc. boosted its holdings in shares of American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

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.