American Airlines Group (NASDAQ:AAL) Given New $10.00 Price Target at TD Cowen

American Airlines Group (NASDAQ:AAL) had its price target hoisted by TD Cowen from $9.00 to $10.00 in a research note issued to investors on Friday, MarketBeat reports. The firm currently has a hold rating on the airline’s stock.

Several other equities analysts have also recently issued reports on AAL. Barclays reduced their price target on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Evercore reduced their price objective on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Evercore ISI boosted their target price on shares of 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 upped their target price on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.40.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $13.60 on Friday. The company has a market capitalization of $8.92 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $16.15. The business has a fifty day moving average price of $11.28 and a two-hundred day moving average price of $11.76.

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 analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Sell-side analysts anticipate that American Airlines Group will post 1.22 earnings per share for the current year.

Institutional Trading of American Airlines Group

Several large investors have recently bought and sold shares of AAL. Primecap Management Co. CA lifted its stake in American Airlines Group by 34.4% during the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after acquiring an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP boosted its position in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after purchasing an additional 1,823,928 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of American Airlines Group by 743.1% in the 3rd quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after purchasing an additional 1,098,865 shares during the period. Vanguard Group Inc. raised its position in shares of American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after acquiring an additional 806,770 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of American Airlines Group by 1,432.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock valued at $6,768,000 after acquiring an additional 558,384 shares during the period. Hedge funds and other institutional investors 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.