American Airlines Group (NASDAQ:AAL) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of American Airlines Group (NASDAQ:AAL) from a market perform rating to an outperform rating in a report published on Tuesday, MarketBeat Ratings reports. They currently have $24.00 price target on the airline’s stock, up from their previous price target of $14.00.

Other equities research analysts have also issued research reports about the company. Bank of America upped their price target on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Jefferies Financial Group upped their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. TD Cowen boosted their price objective on American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Citigroup boosted their price objective on American Airlines Group from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Susquehanna boosted their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.99.

American Airlines Group Stock Performance

American Airlines Group stock opened at $17.24 on Tuesday. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $18.20. The stock has a market capitalization of $11.33 billion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. The stock has a fifty day moving average of $13.95 and a 200-day moving average of $11.93.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. On average, research analysts forecast that American Airlines Group will post 1.53 earnings per share for the current year.

Hedge Funds Weigh In On American Airlines Group

A number of hedge funds have recently added to or reduced their stakes in AAL. Blue Trust Inc. raised its stake in American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the last quarter. UMB Bank n.a. grew its position in shares of American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the period. Sentry Investment Management LLC bought a new stake in shares of American Airlines Group during the 2nd quarter valued at $36,000. ORG Partners LLC bought a new stake in shares of American Airlines Group during the 2nd quarter valued at $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of American Airlines Group during the 2nd quarter valued at $43,000. 52.44% 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. 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.