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

American Airlines Group (NASDAQ:AAL) had its price objective hoisted by research analysts at TD Cowen from $10.00 to $17.00 in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a “hold” rating on the airline’s stock. TD Cowen’s price objective indicates a potential downside of 2.30% from the company’s current price.

AAL has been the topic of several other research reports. Bank of America boosted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Jefferies Financial Group raised their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. 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. Finally, Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group currently has an average rating of “Hold” and an average target price of $14.82.

American Airlines Group Price Performance

NASDAQ AAL opened at $17.40 on Friday. The company has a market capitalization of $11.43 billion, a P/E ratio of 52.73, a PEG ratio of 0.26 and a beta of 1.41. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.09. The company’s 50 day simple moving average is $13.44 and its 200 day simple moving average is $11.82.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company 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 company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, analysts anticipate that American Airlines Group will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds have recently added to or reduced their stakes in AAL. Blue Trust Inc. boosted its holdings in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares in the last quarter. UMB Bank n.a. lifted its position in shares of American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares during the last quarter. ORG Partners LLC bought a new stake in shares of American Airlines Group during the 2nd quarter worth about $36,000. Sentry Investment Management LLC acquired a new position in shares of American Airlines Group during the 2nd quarter valued at about $36,000. Finally, First Command Advisory Services Inc. acquired a new stake in American Airlines Group in the 2nd quarter worth approximately $43,000. 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.