American Airlines Group (NASDAQ:AAL) PT Raised to $22.00

American Airlines Group (NASDAQ:AAL) had its price objective lifted by analysts at Sanford C. Bernstein from $21.00 to $22.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the airline’s stock. Sanford C. Bernstein’s target price suggests a potential upside of 54.39% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on AAL. UBS Group initiated coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. Barclays boosted their price objective on American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 target price on shares of American Airlines Group in a research note on Tuesday, March 5th. Citigroup restated a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Finally, Evercore ISI reiterated a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.60.

American Airlines Group Stock Down 2.7 %

NASDAQ AAL opened at $14.25 on Monday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 0.20 and a beta of 1.57. American Airlines Group has a twelve month low of $10.86 and a twelve month high of $19.08. The stock has a fifty day simple moving average of $14.31 and a 200 day simple moving average of $13.76.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter last year, the business earned $0.05 earnings per share. American Airlines Group’s revenue was up 3.1% compared to the same quarter last year. Research analysts expect that American Airlines Group will post 2.54 earnings per share for the current fiscal year.

Institutional Trading of American Airlines Group

Several institutional investors have recently made changes to their positions in the company. Gables Capital Management Inc. boosted its holdings in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of American Airlines Group during the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale purchased a new position in shares of American Airlines Group in the 3rd quarter worth approximately $33,000. Quarry LP bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $34,000. Finally, GAMMA Investing LLC purchased a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $38,000. 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.