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

American Airlines Group (NASDAQ:AAL) had its price target increased by TD Cowen from $7.00 to $9.00 in a report issued on Thursday, MarketBeat reports. TD Cowen currently has a hold rating on the airline’s stock.

Several other brokerages also recently weighed in on AAL. Redburn Atlantic upgraded American Airlines Group to a hold rating in a report on Tuesday, September 3rd. BNP Paribas upgraded shares of American Airlines Group to a hold rating in a research note on Thursday, September 19th. Barclays dropped their target price on shares of American Airlines Group from $14.00 to $10.00 and set an underweight rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Finally, Evercore ISI decreased their price objective on shares of American Airlines Group to $10.00 and set a hold rating for the company in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $13.15.

American Airlines Group Price Performance

NASDAQ:AAL opened at $11.51 on Thursday. American Airlines Group has a one year low of $9.07 and a one year high of $16.15. The company’s 50-day simple moving average is $10.53 and its 200 day simple moving average is $12.00. The firm has a market capitalization of $7.55 billion, a P/E ratio of 19.18, a PEG ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same period 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. On average, equities research analysts expect that American Airlines Group will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Maverick Capital Ltd. grew its position in shares of American Airlines Group by 95.3% during the 2nd quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock valued at $2,196,000 after acquiring an additional 94,573 shares during the period. Sei Investments Co. grew its holdings in American Airlines Group by 14.7% during the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after purchasing an additional 153,515 shares during the period. ORG Partners LLC purchased a new stake in American Airlines Group in the second quarter worth about $36,000. Cetera Investment Advisers raised its stake in shares of American Airlines Group by 271.8% in the first quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock worth $2,872,000 after buying an additional 136,797 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of American Airlines Group during the 2nd quarter valued at about $5,452,000. 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.