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

American Airlines Group (NASDAQ:AAL) had its price objective hoisted by TD Cowen to $26.00 in a research report report published on Thursday morning,Stock Target Advisor reports. They currently have a buy rating on the airline’s stock.

Other research analysts have also issued research reports about the company. Morgan Stanley boosted their price objective on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. Barclays dropped their target price on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Bank of America dropped their target price on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and an average price target of $19.37.

American Airlines Group Trading Up 1.9 %

Shares of NASDAQ AAL opened at $10.87 on Thursday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $19.10. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.21 and a beta of 1.27. The business has a 50-day moving average of $15.95 and a 200-day moving average of $14.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, analysts predict that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Airlines Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in American Airlines Group in the fourth quarter worth $25,000. Brooklyn Investment Group grew its stake in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the period. Elequin Capital LP grew its stake in American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock worth $30,000 after purchasing an additional 1,182 shares during the period. Bfsg LLC grew its stake in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new stake in American Airlines Group in the fourth quarter worth $42,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.