American Airlines Group (NASDAQ:AAL) Stock Price Expected to Rise, Bank of America Analyst Says

Key Points

• Bank of America has raised its price target for American Airlines Group's stock from $12.00 to $13.00, maintaining a "neutral" rating, indicating a potential downside based on the current price.
• Despite a recent earnings miss, analysts express optimism about the stock, with a consensus average rating of "Moderate Buy" and a price target of $16.82.
• Institutional investors currently hold 52.44% of American Airlines Group's stock, reflecting increasing investment interest in the company.

American Airlines Group (NASDAQ:AAL - Get Free Report) had its price objective hoisted by equities research analysts at Bank of America from $12.00 to $13.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the airline's stock. Bank of America's price objective suggests a potential downside of 1.10% from the company's current price.

A number of other equities research analysts have also recently commented on the stock. Raymond James Financial cut their price target on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein lifted their price target on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. UBS Group raised their price objective on shares of American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Barclays raised their price objective on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, TD Cowen upped their price target on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.82.

American Airlines Group Price Performance

NASDAQ AAL traded down $0.03 during trading on Monday, hitting $13.15. 36,195,691 shares of the company's stock traded hands, compared to its average volume of 56,838,586. The stock has a fifty day moving average of $11.67 and a two-hundred day moving average of $11.93. American Airlines Group has a 12-month low of $8.50 and a 12-month high of $19.10. The firm has a market cap of $8.67 billion, a P/E ratio of 16.44, a PEG ratio of 3.00 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a net margin of 1.05% and a negative return on equity of 24.55%. The company had revenue of $14.39 billion during the quarter, compared to analyst estimates of $14.27 billion. During the same period in the prior year, the business posted $1.09 earnings per share. American Airlines Group's revenue for the quarter was up .4% on a year-over-year basis. As a group, analysts expect that American Airlines Group will post 2.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AAL. Elequin Capital LP grew its position in American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after buying an additional 1,182 shares during the period. Bogart Wealth LLC grew its position in shares of American Airlines Group by 1,300.0% in the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock valued at $30,000 after purchasing an additional 2,600 shares during the period. Assetmark Inc. acquired a new position in American Airlines Group during the first quarter worth about $30,000. Vermillion & White Wealth Management Group LLC boosted its position in American Airlines Group by 58.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 2,839 shares of the airline's stock worth $30,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in American Airlines Group by 121.4% during the first quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock worth $33,000 after acquiring an additional 1,709 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

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.

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