Shares of American Airlines Group Inc. (NASDAQ:AAL - Get Free Report) shot up 6.4% on Monday after Sanford C. Bernstein raised their price target on the stock from $21.00 to $22.00. Sanford C. Bernstein currently has an outperform rating on the stock. American Airlines Group traded as high as $14.75 and last traded at $14.73. 34,854,180 shares changed hands during trading, an increase of 2% from the average session volume of 34,058,938 shares. The stock had previously closed at $13.85.
AAL has been the subject of several other research reports. UBS Group assumed coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They issued a "buy" rating and a $19.00 price target for the company. Wolfe Research raised American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 target price for the company in a report on Monday, January 22nd. Morgan Stanley reaffirmed an "overweight" rating and set a $20.00 price target on shares of American Airlines Group in a research note on Tuesday, March 5th. Evercore ISI reiterated a "hold" rating and issued a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Finally, Citigroup reaffirmed a "buy" rating and issued a $20.00 price objective on shares of American Airlines Group in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.60.
Read Our Latest Analysis on American Airlines Group
Institutional Trading of American Airlines Group
Large investors have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. bought a new stake in shares of American Airlines Group during the 3rd quarter worth $59,411,000. Invesco Ltd. boosted its stake in shares of American Airlines Group by 28.3% during the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline's stock worth $155,249,000 after acquiring an additional 2,672,793 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of American Airlines Group during the 3rd quarter worth $28,867,000. Barclays PLC boosted its stake in shares of American Airlines Group by 191.7% during the 3rd quarter. Barclays PLC now owns 3,333,370 shares of the airline's stock worth $42,448,000 after acquiring an additional 2,190,456 shares in the last quarter. Finally, U S Global Investors Inc. raised its holdings in American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline's stock valued at $174,159,000 after buying an additional 2,001,247 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Price Performance
The company has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $13.71. The company has a market capitalization of $9.61 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 0.20 and a beta of 1.57.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Equities analysts anticipate that American Airlines Group Inc. will post 2.54 earnings per share for the current year.
About American Airlines Group
(
Get Free Report)
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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