American Airlines Group (NASDAQ:AAL) PT Raised to $11.00 at Jefferies Financial Group

American Airlines Group (NASDAQ:AAL) had its price objective boosted by Jefferies Financial Group from $10.00 to $11.00 in a report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the airline’s stock.

AAL has been the topic of a number of other research reports. TD Cowen lowered American Airlines Group from a buy rating to a hold rating and decreased their price objective for the company from $16.00 to $10.00 in a research note on Wednesday, July 17th. TD Securities lowered their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Evercore reduced their price objective on shares of American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of American Airlines Group from $21.00 to $15.00 in a research note on Friday, July 26th. Finally, Evercore ISI reduced their price target on American Airlines Group to $10.00 and set a hold rating on the stock in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $13.15.

American Airlines Group Trading Up 6.4 %

NASDAQ:AAL opened at $11.51 on Wednesday. American Airlines Group has a twelve month low of $9.07 and a twelve month high of $16.15. The company has a market capitalization of $7.55 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. The firm has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $12.00.

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

Institutional Trading of American Airlines Group

A number of institutional investors have recently modified their holdings of the company. Beaird Harris Wealth Management LLC increased its holdings in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares in the last quarter. Empirical Finance LLC grew its stake in shares of American Airlines Group by 1.4% in the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock valued at $899,000 after buying an additional 797 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of American Airlines Group by 4.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after buying an additional 978 shares during the period. CWM LLC lifted its position in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after acquiring an additional 1,059 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in American Airlines Group by 8.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after acquiring an additional 1,126 shares during the period. Hedge funds and other institutional investors 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.