American Airlines Group (NASDAQ:AAL) Price Target Raised to $13.00 at Bank of America

American Airlines Group (NASDAQ:AAL) had its price target upped by Bank of America from $12.00 to $13.00 in a report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the airline’s stock.

Other analysts have also recently issued reports about the company. UBS Group upped their target price on American Airlines Group from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, July 7th. Raymond James Financial cut their price target on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. TD Cowen increased their price target on American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a report on Friday, April 25th. Barclays increased their target price on American Airlines Group from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Finally, Sanford C. Bernstein increased their target price on American Airlines Group from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.82.

American Airlines Group Price Performance

American Airlines Group stock opened at $13.17 on Monday. The business has a 50 day moving average of $11.70 and a 200-day moving average of $11.91. American Airlines Group has a 1 year low of $8.50 and a 1 year high of $19.10. The company has a market capitalization of $8.69 billion, a P/E ratio of 16.46, a P/E/G ratio of 3.00 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The company had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $14.27 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group will post 2.42 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Elequin Capital LP boosted its stake in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock worth $30,000 after purchasing an additional 1,182 shares during the period. Bogart Wealth LLC boosted its stake in American Airlines Group by 1,300.0% in the 1st quarter. Bogart Wealth LLC now owns 2,800 shares of the airline’s stock worth $30,000 after purchasing an additional 2,600 shares during the period. Assetmark Inc. bought a new position in American Airlines Group in the 1st quarter worth about $30,000. Vermillion & White Wealth Management Group LLC boosted its stake in American Airlines Group by 58.0% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline’s stock worth $30,000 after purchasing an additional 1,042 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in American Airlines Group by 121.4% in the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock worth $33,000 after purchasing an additional 1,709 shares during the period. 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.