American Airlines Group (NASDAQ:AAL) Raised to Outperform at Sanford C. Bernstein

American Airlines Group (NASDAQ:AAL) was upgraded by Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $24.00 price objective on the airline’s stock, up from their prior price objective of $14.00. Sanford C. Bernstein’s price target indicates a potential upside of 39.86% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Citigroup lifted their price target on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. JPMorgan Chase & Co. increased their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, UBS Group lowered American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.52.

American Airlines Group Price Performance

AAL stock opened at $17.16 on Tuesday. The company has a 50 day moving average price of $13.56 and a 200 day moving average price of $11.83. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $18.09. The stock has a market capitalization of $11.28 billion, a PE ratio of 52.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, equities analysts expect that American Airlines Group will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AAL. Blue Trust Inc. boosted its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares during the period. UMB Bank n.a. grew its holdings in American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after buying an additional 2,264 shares in the last quarter. Sentry Investment Management LLC bought a new position in American Airlines Group during the 2nd quarter worth $36,000. ORG Partners LLC acquired a new stake in shares of American Airlines Group during the second quarter worth $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of American Airlines Group in the second quarter valued at about $43,000. 52.44% 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. 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.