American Airlines Group (NASDAQ:AAL) Upgraded 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 report published on Tuesday, Marketbeat.com reports. They currently have $24.00 price objective on the airline’s stock, up from their previous price objective of $14.00.

AAL has been the subject of several other reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. Bank of America lifted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Citigroup increased their price target on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.52.

American Airlines Group Stock Up 1.9 %

Shares of NASDAQ:AAL opened at $17.49 on Tuesday. The company’s fifty day moving average is $13.69 and its two-hundred day moving average is $11.85. The company has a market cap of $11.49 billion, a P/E ratio of 53.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $18.20.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. Equities research analysts anticipate that American Airlines Group will post 1.53 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its stake in shares of American Airlines Group by 451.2% in the 3rd quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline’s stock valued at $8,967,000 after buying an additional 653,012 shares in the last quarter. Tidal Investments LLC lifted its stake in American Airlines Group by 63.1% during the third quarter. Tidal Investments LLC now owns 66,249 shares of the airline’s stock worth $745,000 after purchasing an additional 25,637 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in American Airlines Group by 162.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 140,255 shares of the airline’s stock valued at $1,576,000 after purchasing an additional 86,847 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after purchasing an additional 1,319,859 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of American Airlines Group in the 3rd quarter worth approximately $5,463,000. Institutional investors and hedge funds 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.