American Airlines Group (NASDAQ:AAL) Price Target Raised to $12.00 at Evercore ISI

American Airlines Group (NASDAQ:AAL) had its target price upped by investment analysts at Evercore ISI from $10.00 to $12.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “in-line” rating on the airline’s stock. Evercore ISI’s price target would suggest a potential upside of 4.26% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. 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. Finally, Barclays reduced their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and an average price target of $13.15.

American Airlines Group Trading Up 6.4 %

AAL opened at $11.51 on Thursday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.27 and a beta of 1.43. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $16.15. The business’s fifty day simple moving average is $10.53 and its 200-day simple moving average is $12.01.

American Airlines Group (NASDAQ:AAL) last issued its earnings results 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. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same period in the prior year, the business earned $1.92 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts predict that American Airlines Group will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AAL. Beaird Harris Wealth Management LLC raised its holdings in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the last quarter. Empirical Finance LLC boosted its position in American Airlines Group by 1.4% in the 1st quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after purchasing an additional 797 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in American Airlines Group by 4.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after purchasing an additional 978 shares in the last quarter. CWM LLC boosted its holdings in American Airlines Group by 5.2% during the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after buying an additional 1,059 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in American Airlines Group by 8.2% during the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after buying an additional 1,126 shares during the period. 52.44% of the stock is 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. 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.