TD Cowen Forecasts Strong Price Appreciation for American Airlines Group (NASDAQ:AAL) Stock

American Airlines Group (NASDAQ:AAL - Get Free Report) had its price objective raised by equities research analysts at TD Cowen to $13.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has an "unchanged" rating on the airline's stock. TD Cowen's price objective would suggest a potential upside of 32.52% from the stock's current price.

Several other research analysts have also recently commented on AAL. Bank of America decreased their target price on shares of American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group downgraded shares of American Airlines Group from a "neutral" rating to a "sell" rating and cut their price target for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. StockNews.com lowered American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Finally, Susquehanna reduced their target price on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, American Airlines Group has an average rating of "Moderate Buy" and an average price target of $16.25.

American Airlines Group Stock Performance

Shares of AAL traded down $0.09 during trading hours on Friday, hitting $9.81. The stock had a trading volume of 43,843,424 shares, compared to its average volume of 38,898,713. The firm has a market cap of $6.47 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group has a 12-month low of $8.50 and a 12-month high of $19.10. The company's fifty day simple moving average is $11.22 and its 200 day simple moving average is $14.21.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The company had revenue of $12.55 billion during the quarter, compared to analyst estimates of $12.71 billion. During the same period last year, the business earned ($0.34) EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AAL. Zacks Investment Management purchased a new position in American Airlines Group during the fourth quarter valued at approximately $4,409,000. Raymond James Financial Inc. purchased a new stake in shares of American Airlines Group during the fourth quarter worth $3,858,000. Decker Retirement Planning Inc. acquired a new stake in American Airlines Group during the fourth quarter valued at $9,482,000. Amundi raised its position in American Airlines Group by 31,647.8% during the fourth quarter. Amundi now owns 426,691 shares of the airline's stock valued at $7,510,000 after acquiring an additional 425,347 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in American Airlines Group in the fourth quarter worth approximately $689,000. 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.