American Airlines Group (AAL) Price Target Increased to $56.00 by Analysts at Imperial Capital

American Airlines Group (NASDAQ:AAL) had its price target boosted by research analysts at Imperial Capital from $52.00 to $56.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the airline’s stock. Imperial Capital’s target price indicates a potential upside of 36.45% from the company’s previous close.

Several other equities analysts have also recently commented on the company. ValuEngine cut American Airlines Group from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Zacks Investment Research upgraded American Airlines Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 11th. Macquarie upgraded American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price objective for the company in a report on Monday, July 30th. Finally, Buckingham Research cut their price objective on American Airlines Group from $63.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.62.

American Airlines Group stock opened at $41.04 on Thursday. American Airlines Group has a 52 week low of $35.64 and a 52 week high of $59.08. The company has a debt-to-equity ratio of -25.16, a current ratio of 0.55 and a quick ratio of 0.46. The stock has a market cap of $18.79 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 26th. The airline reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The business had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $11.67 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. equities research analysts predict that American Airlines Group will post 4.65 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Lansdowne Partners UK LLP lifted its stake in shares of American Airlines Group by 252.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 5,984,069 shares of the airline’s stock valued at $227,147,000 after acquiring an additional 4,287,800 shares during the last quarter. Millennium Management LLC lifted its stake in shares of American Airlines Group by 999.2% in the 2nd quarter. Millennium Management LLC now owns 1,811,194 shares of the airline’s stock valued at $68,753,000 after acquiring an additional 1,646,418 shares during the last quarter. Gendell Jeffrey L lifted its stake in shares of American Airlines Group by 46.8% in the 2nd quarter. Gendell Jeffrey L now owns 1,551,339 shares of the airline’s stock valued at $58,889,000 after acquiring an additional 494,868 shares during the last quarter. Morgan Stanley lifted its stake in shares of American Airlines Group by 32.2% in the 2nd quarter. Morgan Stanley now owns 1,954,583 shares of the airline’s stock valued at $74,196,000 after acquiring an additional 476,499 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of American Airlines Group by 368.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 585,000 shares of the airline’s stock valued at $22,207,000 after acquiring an additional 460,000 shares during the last quarter. Hedge funds and other institutional investors own 82.23% 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, 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.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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