American Airlines Group, Inc. (AAL) Price Target Increased to $56.00 by Analysts at Cowen and Company

American Airlines Group, Inc. (NASDAQ:AAL) had its price target boosted by Cowen and Company from $55.00 to $56.00 in a research note released on Tuesday. Cowen and Company currently has an outperform rating on the airline’s stock.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley restated an equal weight rating and set a $54.00 target price (up previously from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Sanford C. Bernstein restated a market perform rating and set a $52.00 target price on shares of American Airlines Group in a research note on Thursday, July 13th. Citigroup Inc. upped their target price on shares of American Airlines Group from $58.00 to $67.00 and gave the company a buy rating in a research note on Thursday, July 13th. BidaskClub upgraded shares of American Airlines Group from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Finally, Imperial Capital restated an in-line rating and set a $49.00 target price (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $57.03.

American Airlines Group (NASDAQ AAL) opened at 53.03 on Tuesday. The company’s 50 day moving average is $46.53 and its 200-day moving average is $47.40. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 13.17 and a beta of 0.99. American Airlines Group has a 52-week low of $36.80 and a 52-week high of $54.48.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. During the same period in the prior year, the firm posted $1.77 EPS. American Airlines Group’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts anticipate that American Airlines Group will post $4.65 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/11/american-airlines-group-inc-aal-price-target-increased-to-56-00-by-analysts-at-cowen-and-company.html.

In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,476 shares of company stock valued at $3,159,738. Insiders own 0.69% of the company’s stock.

Several hedge funds have recently bought and sold shares of AAL. UBS Asset Management Americas Inc. grew its holdings in shares of American Airlines Group by 6.5% in the first quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock valued at $17,816,000 after purchasing an additional 25,738 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Airlines Group by 9.2% in the first quarter. Victory Capital Management Inc. now owns 27,053 shares of the airline’s stock valued at $1,144,000 after purchasing an additional 2,290 shares in the last quarter. Credit Agricole S A grew its holdings in shares of American Airlines Group by 4.4% in the first quarter. Credit Agricole S A now owns 126,590 shares of the airline’s stock valued at $5,354,000 after purchasing an additional 5,347 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of American Airlines Group by 25.4% in the first quarter. OppenheimerFunds Inc. now owns 117,436 shares of the airline’s stock valued at $4,968,000 after purchasing an additional 23,797 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of A

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley restated an equal weight rating and set a $54.00 target price (up previously from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Sanford C. Bernstein restated a market perform rating and set a $52.00 target price on shares of American Airlines Group in a research note on Thursday, July 13th. Citigroup Inc. upped their target price on shares of American Airlines Group from $58.00 to $67.00 and gave the company a buy rating in a research note on Thursday, July 13th. BidaskClub upgraded shares of American Airlines Group from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Finally, Imperial Capital restated an in-line rating and set a $49.00 target price (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $57.03.

American Airlines Group (NASDAQ AAL) opened at 53.03 on Tuesday. The company’s 50 day moving average is $46.53 and its 200-day moving average is $47.40. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 13.17 and a beta of 0.99. American Airlines Group has a 52-week low of $36.80 and a 52-week high of $54.48.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.08 billion. During the same period in the prior year, the firm posted $1.77 EPS. American Airlines Group’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts anticipate that American Airlines Group will post $4.65 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/11/american-airlines-group-inc-aal-price-target-increased-to-56-00-by-analysts-at-cowen-and-company.html.

In other American Airlines Group news, Director Ray M. Robinson sold 3,476 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total transaction of $162,537.76. Following the completion of the sale, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total transaction of $479,700.00. Following the sale, the executive vice president now directly owns 161,476 shares of the company’s stock, valued at $7,746,003.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,476 shares of company stock valued at $3,159,738. Insiders own 0.69% of the company’s stock.

Several hedge funds have recently bought and sold shares of AAL. UBS Asset Management Americas Inc. grew its holdings in shares of American Airlines Group by 6.5% in the first quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock valued at $17,816,000 after purchasing an additional 25,738 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Airlines Group by 9.2% in the first quarter. Victory Capital Management Inc. now owns 27,053 shares of the airline’s stock valued at $1,144,000 after purchasing an additional 2,290 shares in the last quarter. Credit Agricole S A grew its holdings in shares of American Airlines Group by 4.4% in the first quarter. Credit Agricole S A now owns 126,590 shares of the airline’s stock valued at $5,354,000 after purchasing an additional 5,347 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of American Airlines Group by 25.4% in the first quarter. OppenheimerFunds Inc. now owns 117,436 shares of the airline’s stock valued at $4,968,000 after purchasing an additional 23,797 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of American Airlines Group by 56.3% in the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after purchasing an additional 9,667,389 shares in the last quarter. 81.56% of the stock is owned by hedge funds and other institutional investors.

About American Airlines Group

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply