American Airlines Group (NASDAQ:AAL) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of American Airlines Group (NASDAQ:AAL) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have $24.00 price target on the airline’s stock, up from their previous price target of $14.00.

AAL has been the subject of a number of other research reports. Jefferies Financial Group lifted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Evercore ISI increased their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Susquehanna boosted their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.52.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $17.49 on Tuesday. The stock has a 50 day moving average price of $13.69 and a 200 day moving average price of $11.85. The stock has a market cap of $11.49 billion, a PE ratio of 53.00, a P/E/G ratio of 0.30 and a beta of 1.41. American Airlines Group has a one year low of $9.07 and a one year high of $18.20.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the business posted $0.38 EPS. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. As a group, analysts predict that American Airlines Group will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares during the period. UMB Bank n.a. lifted its stake in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares during the last quarter. ORG Partners LLC acquired a new position in American Airlines Group in the second quarter worth approximately $36,000. Sentry Investment Management LLC bought a new position in shares of American Airlines Group in the second quarter valued at $36,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of American Airlines Group during the 2nd quarter valued at $43,000. 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.