American Airlines Group (NASDAQ:AAL) had its target price dropped by equities research analysts at Cowen from $43.00 to $42.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the airline’s stock. Cowen’s price target suggests a potential upside of 23.46% from the company’s previous close.

Other analysts have also issued research reports about the stock. Bank of America restated a “buy” rating and issued a $39.00 target price (down previously from $42.00) on shares of American Airlines Group in a research report on Thursday, April 4th. BidaskClub upgraded shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 3rd. Imperial Capital restated an “outperform” rating and issued a $43.00 target price (down previously from $46.00) on shares of American Airlines Group in a research report on Friday, March 15th. Citigroup cut their target price on shares of American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Finally, Deutsche Bank lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and raised their target price for the company from $28.81 to $35.63 in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $45.74.

Shares of NASDAQ:AAL opened at $34.02 on Tuesday. The company has a market capitalization of $14.96 billion, a P/E ratio of 7.48, a PEG ratio of 1.47 and a beta of 1.53. American Airlines Group has a 1 year low of $28.81 and a 1 year high of $48.38.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.94 billion. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. On average, equities analysts anticipate that American Airlines Group will post 5.86 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Harris Associates L P lifted its holdings in shares of American Airlines Group by 14.0% during the fourth quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock worth $608,528,000 after purchasing an additional 2,328,627 shares during the period. Private Advisor Group LLC raised its stake in American Airlines Group by 17.4% during the fourth quarter. Private Advisor Group LLC now owns 13,596 shares of the airline’s stock worth $437,000 after buying an additional 2,011 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in American Airlines Group by 0.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock worth $1,915,000 after buying an additional 414 shares during the last quarter. Advent Capital Management DE bought a new position in American Airlines Group during the third quarter worth $413,000. Finally, Morgan Stanley raised its stake in American Airlines Group by 1.7% during the third quarter. Morgan Stanley now owns 1,988,433 shares of the airline’s stock worth $82,181,000 after buying an additional 33,850 shares during the last quarter. Institutional investors own 81.47% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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