TD Cowen Increases American Airlines Group (NASDAQ:AAL) Price Target to $9.00

American Airlines Group (NASDAQ:AAL) had its price objective increased by equities research analysts at TD Cowen from $7.00 to $9.00 in a report released on Thursday, Marketbeat reports. The firm currently has a “hold” rating on the airline’s stock. TD Cowen’s price objective suggests a potential downside of 21.81% from the company’s current price.

AAL has been the topic of several other reports. Barclays cut their target price on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Evercore ISI dropped their price target on shares of 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. cut their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein lowered shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and an average target price of $13.15.

American Airlines Group Stock Performance

Shares of AAL opened at $11.51 on Thursday. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.27 and a beta of 1.43. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15. The stock has a fifty day moving average of $10.53 and a 200-day moving average of $12.01.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that American Airlines Group will post 1.07 EPS for the current year.

Institutional Trading of American Airlines Group

A number of hedge funds have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group in the fourth quarter worth $27,000. UMB Bank n.a. lifted its stake in shares of American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the last quarter. Quarry LP purchased a new stake in American Airlines Group during the 4th quarter valued at about $34,000. Beaird Harris Wealth Management LLC grew its position in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after acquiring an additional 795 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in American Airlines Group in the 2nd quarter worth approximately $36,000. Institutional investors 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.