American Airlines Group (NASDAQ:AAL)‘s stock had its “outperform” rating reiterated by equities researchers at Imperial Capital in a research note issued to investors on Friday. They presently have a $43.00 price objective on the airline’s stock, down from their prior price objective of $46.00. Imperial Capital’s price objective suggests a potential upside of 33.83% from the company’s current price.

AAL has been the topic of several other research reports. Credit Suisse Group initiated coverage on shares of American Airlines Group in a research note on Monday, November 19th. They set a “neutral” rating and a $41.00 target price on the stock. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 11th. Vertical Research initiated coverage on shares of American Airlines Group in a research note on Monday, February 4th. They set a “hold” rating on the stock. Cowen reissued an “outperform” rating and set a $42.00 target price (down previously from $43.00) on shares of American Airlines Group in a research note on Thursday, January 10th. Finally, Citigroup raised their target price on shares of American Airlines Group from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, November 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. American Airlines Group has a consensus rating of “Hold” and an average target price of $46.39.

AAL stock opened at $32.13 on Friday. American Airlines Group has a fifty-two week low of $28.81 and a fifty-two week high of $56.41. The stock has a market capitalization of $14.30 billion, a P/E ratio of 7.06, a PEG ratio of 0.32 and a beta of 1.55.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 24th. The airline reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter last year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts expect that American Airlines Group will post 6 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Primecap Management Co. CA raised its position in shares of American Airlines Group by 16.3% in the third quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock valued at $2,849,496,000 after purchasing an additional 9,665,167 shares during the period. BlackRock Inc. raised its position in shares of American Airlines Group by 1.9% in the fourth quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock valued at $756,426,000 after purchasing an additional 444,541 shares during the period. Harris Associates L P raised its position in shares of American Airlines Group by 14.0% in the fourth quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after purchasing an additional 2,328,627 shares during the period. FMR LLC raised its position in shares of American Airlines Group by 37.5% in the fourth quarter. FMR LLC now owns 14,226,885 shares of the airline’s stock valued at $456,824,000 after purchasing an additional 3,883,285 shares during the period. Finally, Lansdowne Partners UK LLP raised its position in shares of American Airlines Group by 23.5% in the third quarter. Lansdowne Partners UK LLP now owns 7,391,768 shares of the airline’s stock valued at $305,501,000 after purchasing an additional 1,407,699 shares during the period. 78.96% of the stock is currently 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. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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