Research Analysts’ Weekly Ratings Changes for American Airlines Group (AAL)

Several brokerages have updated their recommendations and price targets on shares of American Airlines Group (NASDAQ: AAL) in the last few weeks:

• 11/14/2024 – American Airlines Group was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $16.00 price target on the stock, up previously from $10.00.
• 10/25/2024 – American Airlines Group had its price target raised by analysts at Bank of America Co. from $9.00 to $10.00. They now have an “underperform” rating on the stock.
• 10/25/2024 – American Airlines Group had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $20.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – American Airlines Group had its price target raised by analysts at TD Cowen from $9.00 to $10.00. They now have a “hold” rating on the stock.
• 10/9/2024 – American Airlines Group had its price target raised by analysts at Susquehanna from $11.00 to $12.00. They now have a “neutral” rating on the stock.
• 10/3/2024 – American Airlines Group had its price target raised by analysts at Evercore ISI from $10.00 to $12.00. They now have an “in-line” rating on the stock.
• 10/3/2024 – American Airlines Group had its price target raised by analysts at TD Cowen from $7.00 to $9.00. They now have a “hold” rating on the stock.
• 10/2/2024 – American Airlines Group had its price target raised by analysts at Jefferies Financial Group Inc. from $10.00 to $11.00. They now have a “hold” rating on the stock.
• 9/19/2024 – American Airlines Group was upgraded by analysts at BNP Paribas to a “hold” rating.

American Airlines Group Stock Performance

Shares of AAL stock traded up $0.50 on Thursday, reaching $14.51. The stock had a trading volume of 20,609,580 shares, compared to its average volume of 34,312,707. The stock has a market cap of $9.53 billion, a P/E ratio of 43.97, a price-to-earnings-growth ratio of 0.25 and a beta of 1.39. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The company has a 50 day simple moving average of $12.14 and a 200 day simple moving average of $11.76.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same period last year, the firm earned $0.38 EPS. American Airlines Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AAL. Texas Permanent School Fund Corp lifted its holdings in American Airlines Group by 3.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 135,215 shares of the airline’s stock worth $2,076,000 after purchasing an additional 4,996 shares in the last quarter. Sei Investments Co. raised its holdings in shares of American Airlines Group by 36.9% during the 1st quarter. Sei Investments Co. now owns 1,045,606 shares of the airline’s stock worth $16,050,000 after acquiring an additional 281,956 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of American Airlines Group by 12.6% during the 1st quarter. QRG Capital Management Inc. now owns 24,656 shares of the airline’s stock worth $378,000 after acquiring an additional 2,752 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of American Airlines Group by 17.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,817 shares of the airline’s stock worth $304,000 after acquiring an additional 3,005 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of American Airlines Group by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 650,916 shares of the airline’s stock worth $9,601,000 after acquiring an additional 4,947 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.