TD Cowen Increases American Airlines Group (NASDAQ:AAL) Price Target to $10.00

American Airlines Group (NASDAQ:AAL) had its price target hoisted by analysts at TD Cowen from $9.00 to $10.00 in a research report issued on Friday, Marketbeat reports. The firm presently has a “hold” rating on the airline’s stock. TD Cowen’s price target points to a potential downside of 23.95% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Susquehanna increased their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. TD Securities dropped their price objective on American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Finally, Evercore reduced their price target on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $13.40.

American Airlines Group Stock Up 2.9 %

AAL stock opened at $13.15 on Friday. American Airlines Group has a 52-week low of $9.07 and a 52-week high of $16.15. The business has a fifty day moving average of $11.28 and a two-hundred day moving average of $11.77. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 0.26 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. American Airlines Group’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. As a group, sell-side analysts anticipate that American Airlines Group will post 1.22 EPS for the current year.

Hedge Funds Weigh In On American Airlines Group

Institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System lifted its stake in American Airlines Group by 4.8% during the third quarter. New York State Teachers Retirement System now owns 671,110 shares of the airline’s stock worth $7,543,000 after purchasing an additional 30,448 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in American Airlines Group by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 76,169 shares of the airline’s stock worth $856,000 after purchasing an additional 5,175 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of American Airlines Group by 390.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 182,000 shares of the airline’s stock worth $2,046,000 after buying an additional 144,900 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of American Airlines Group by 31.8% in the 3rd quarter. Allworth Financial LP now owns 45,796 shares of the airline’s stock valued at $515,000 after buying an additional 11,050 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of American Airlines Group by 1,334.6% in the 3rd quarter. International Assets Investment Management LLC now owns 359,284 shares of the airline’s stock valued at $40,380,000 after buying an additional 334,239 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.