Analysts’ Weekly Ratings Updates for American Airlines Group (AAL)

A number of firms have modified their ratings and price targets on shares of American Airlines Group (NASDAQ: AAL) recently:

• 12/12/2024 – American Airlines Group had its price target raised by analysts at Citigroup Inc. from $19.00 to $23.00. They now have a “buy” rating on the stock.
• 12/11/2024 – American Airlines Group had its price target raised by analysts at Morgan Stanley from $18.00 to $22.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – American Airlines Group was upgraded by analysts at UBS Group AG from a “hold” rating to a “strong-buy” rating.
• 12/10/2024 – American Airlines Group was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $24.00 price target on the stock, up previously from $14.00.
• 12/6/2024 – American Airlines Group had its price target raised by analysts at TD Cowen from $10.00 to $17.00. They now have a “hold” rating on the stock.
• 12/6/2024 – American Airlines Group had its price target raised by analysts at Barclays PLC from $16.00 to $18.00. They now have an “equal weight” rating on the stock.
• 12/5/2024 – American Airlines Group was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating.
• 12/5/2024 – American Airlines Group was upgraded by analysts at Scotiabank from a “neutral” rating to a “buy” rating. They now have a $20.00 price target on the stock.
• 11/26/2024 – American Airlines Group was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $16.00 price target on the stock.
• 11/26/2024 – American Airlines Group had its price target raised by analysts at Citigroup Inc. from $16.00 to $19.00. They now have a “buy” rating on the stock.
• 11/15/2024 – American Airlines Group had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $15.00 price target on the stock.
• 11/14/2024 – American Airlines Group was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $16.00 price target on the stock, up previously from $10.00.

American Airlines Group Stock Performance

AAL stock traded up $0.10 during midday trading on Wednesday, hitting $17.35. 14,234,339 shares of the stock were exchanged, compared to its average volume of 33,370,691. The stock’s 50-day moving average price is $14.76 and its 200-day moving average price is $12.20. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 52.58, a PEG ratio of 0.29 and a beta of 1.41. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $18.20.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Research analysts anticipate that American Airlines Group Inc. will post 1.62 EPS for the current year.

Hedge Funds Weigh In On American Airlines Group

Hedge funds have recently bought and sold shares of the stock. Primecap Management Co. CA lifted its stake in shares of American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP boosted its stake in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in American Airlines Group in the 3rd quarter valued at about $16,490,000. Toronto Dominion Bank boosted its position in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after purchasing an additional 1,156,540 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

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.