American Airlines Group (NASDAQ:AAL) Price Target Raised to $11.00

American Airlines Group (NASDAQ:AAL) had its price objective raised by research analysts at Jefferies Financial Group from $10.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the airline’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 2.23% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Evercore cut their price target on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Evercore ISI cut their target price on American Airlines Group to $10.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Finally, TD Cowen downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $10.00 in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $13.09.

American Airlines Group Price Performance

NASDAQ AAL traded down $0.14 on Wednesday, reaching $10.76. The company had a trading volume of 13,309,089 shares, compared to its average volume of 34,760,176. The firm has a market capitalization of $7.06 billion, a PE ratio of 17.93, a P/E/G ratio of 0.27 and a beta of 1.43. The firm has a 50-day moving average of $10.49 and a 200-day moving average of $12.05. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. 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 $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same period in the prior year, the firm earned $1.92 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that American Airlines Group will post 1.07 EPS for the current fiscal year.

Institutional Trading of American Airlines Group

Several hedge funds have recently bought and sold shares of AAL. Sanctuary Advisors LLC acquired a new stake in shares of American Airlines Group in the second quarter valued at approximately $359,000. Granite Bay Wealth Management LLC bought a new stake in American Airlines Group during the 2nd quarter valued at $519,000. B. Riley Wealth Advisors Inc. boosted its position in American Airlines Group by 32.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,519 shares of the airline’s stock worth $278,000 after acquiring an additional 6,004 shares during the period. Sunbelt Securities Inc. grew its stake in shares of American Airlines Group by 8.2% in the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of American Airlines Group during the second quarter valued at $187,000. 52.44% of the stock is currently owned by institutional investors.

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.