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

American Airlines Group (NASDAQ:AAL - Free Report) had its price target upped by UBS Group from $9.00 to $12.00 in a report issued on Monday,Benzinga reports. UBS Group currently has a neutral rating on the airline's stock.

AAL has been the subject of several other reports. Wall Street Zen lowered shares of American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Bank of America increased their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. TD Cowen increased their price objective on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research report on Friday, April 25th. Susquehanna decreased their price objective on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Citigroup decreased their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, American Airlines Group currently has an average rating of "Moderate Buy" and an average price target of $15.84.

American Airlines Group Stock Performance

American Airlines Group stock traded down $0.10 during midday trading on Monday, hitting $11.59. 53,357,900 shares of the company's stock were exchanged, compared to its average volume of 43,242,945. American Airlines Group has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a 50-day moving average of $11.19 and a two-hundred day moving average of $13.06. The company has a market cap of $7.64 billion, a PE ratio of 12.88, a P/E/G ratio of 1.61 and a beta of 1.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The company had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same period in the prior year, the business earned ($0.34) EPS. The firm's quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently made changes to their positions in AAL. Elequin Capital LP grew its stake in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after acquiring an additional 1,182 shares during the period. Bogart Wealth LLC boosted its stake in American Airlines Group by 1,300.0% during the 1st quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock worth $30,000 after purchasing an additional 2,600 shares during the last quarter. Assetmark Inc. acquired a new stake in American Airlines Group during the 1st quarter worth $30,000. Vermillion & White Wealth Management Group LLC boosted its stake in American Airlines Group by 58.0% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline's stock worth $30,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in American Airlines Group by 121.4% during the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock worth $33,000 after purchasing an additional 1,709 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

About American Airlines Group

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.