American Airlines Group (NASDAQ:AAL) had its target price cut by stock analysts at Cowen from $48.00 to $46.00 in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has an “outperform” rating on the airline’s stock. Cowen’s target price would suggest a potential upside of 45.52% from the company’s previous close.

A number of other equities analysts have also recently commented on AAL. BidaskClub cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 12th. Zacks Investment Research lowered shares of American Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. Buckingham Research cut their price target on shares of American Airlines Group from $75.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, June 13th. ValuEngine lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Finally, Deutsche Bank lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $60.00 to $43.00 in a report on Tuesday, July 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $52.31.

Shares of NASDAQ:AAL opened at $31.61 on Tuesday. The firm has a market capitalization of $19.03 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. American Airlines Group has a 52 week low of $31.59 and a 52 week high of $59.08. The company has a debt-to-equity ratio of -25.16, a quick ratio of 0.46 and a current ratio of 0.55.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 26th. The airline reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $11.64 billion for the quarter, compared to analysts’ expectations of $11.67 billion. American Airlines Group had a net margin of 3.75% and a return on equity of 151.06%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. As a group, equities analysts forecast that American Airlines Group will post 4.66 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in shares of American Airlines Group by 1,283.6% during the 1st quarter. Assetmark Inc. now owns 3,293 shares of the airline’s stock valued at $171,000 after purchasing an additional 3,055 shares in the last quarter. Exane Derivatives boosted its stake in shares of American Airlines Group by 176,700.0% during the 2nd quarter. Exane Derivatives now owns 3,536 shares of the airline’s stock valued at $136,000 after purchasing an additional 3,534 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of American Airlines Group during the 1st quarter valued at about $212,000. Trilogy Capital Inc. boosted its stake in shares of American Airlines Group by 10,137.5% during the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after purchasing an additional 4,055 shares in the last quarter. Finally, Mariner LLC bought a new stake in shares of American Airlines Group during the 1st quarter valued at about $217,000. 82.24% of the stock is currently owned by institutional investors and hedge funds.

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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

Featured Story: What is a Call Option?

Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.