TD Cowen Forecasts Strong Price Appreciation for American Airlines Group (NASDAQ:AAL) Stock

American Airlines Group (NASDAQ:AAL) had its price target upped by stock analysts at TD Cowen to $26.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the airline’s stock. TD Cowen’s price objective points to a potential upside of 139.19% from the company’s previous close.

AAL has been the topic of several other reports. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, January 6th. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $12.00 to $20.00 in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.37.

American Airlines Group Stock Up 1.9 %

Shares of NASDAQ:AAL opened at $10.87 on Thursday. The company’s fifty day moving average is $15.95 and its two-hundred day moving average is $14.40. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $19.10. The company has a market cap of $7.15 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Equities research analysts anticipate that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several large investors have recently added to or reduced their stakes in AAL. Principal Financial Group Inc. increased its position in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after purchasing an additional 787,671 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of American Airlines Group by 21.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 194,278 shares of the airline’s stock valued at $2,184,000 after acquiring an additional 34,222 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in American Airlines Group during the third quarter worth about $137,000. Prime Capital Investment Advisors LLC boosted its holdings in American Airlines Group by 3.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 72,069 shares of the airline’s stock valued at $810,000 after purchasing an additional 2,526 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of American Airlines Group by 7.3% in the 3rd quarter. Victory Capital Management Inc. now owns 112,939 shares of the airline’s stock valued at $1,269,000 after purchasing an additional 7,642 shares during the period. 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.