Bank of America Increases American Airlines Group (NASDAQ:AAL) Price Target to $10.00

American Airlines Group (NASDAQ:AAL) had its price objective upped by Bank of America from $9.00 to $10.00 in a report issued on Friday, Benzinga reports. They currently have an underperform rating on the airline’s stock.

A number of other research firms have also recently commented on AAL. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Jefferies Financial Group increased their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Evercore ISI lifted their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. TD Securities dropped their price objective on shares of American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Finally, TD Cowen boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.40.

American Airlines Group Stock Up 2.9 %

AAL stock opened at $13.15 on Friday. The company’s 50-day moving average price is $11.28 and its two-hundred day moving average price is $11.76. The firm has a market cap of $8.63 billion, a P/E ratio of 21.92, a P/E/G ratio of 0.26 and a beta of 1.43. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15.

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, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period last year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts predict that American Airlines Group will post 1.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AAL. New York State Teachers Retirement System increased its position in shares of American Airlines Group by 4.8% during the third quarter. New York State Teachers Retirement System now owns 671,110 shares of the airline’s stock worth $7,543,000 after buying an additional 30,448 shares during the period. State of Alaska Department of Revenue grew its holdings in American Airlines Group by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 76,169 shares of the airline’s stock worth $856,000 after acquiring an additional 5,175 shares during the period. Louisiana State Employees Retirement System raised its position in shares of American Airlines Group by 390.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 182,000 shares of the airline’s stock worth $2,046,000 after acquiring an additional 144,900 shares in the last quarter. Allworth Financial LP lifted its stake in shares of American Airlines Group by 31.8% in the 3rd quarter. Allworth Financial LP now owns 45,796 shares of the airline’s stock valued at $515,000 after purchasing an additional 11,050 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of American Airlines Group by 1,334.6% during the 3rd quarter. International Assets Investment Management LLC now owns 359,284 shares of the airline’s stock valued at $40,380,000 after purchasing an additional 334,239 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

About American Airlines Group

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.