American Airlines Group (NASDAQ:AAL) Given New $22.00 Price Target at Sanford C. Bernstein

American Airlines Group (NASDAQ:AAL) had its price target boosted by Sanford C. Bernstein from $21.00 to $22.00 in a report issued on Monday, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the airline’s stock.

A number of other analysts have also weighed in on the stock. Morgan Stanley reissued an overweight rating and issued a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, March 5th. TD Cowen upgraded American Airlines Group from a market perform rating to an outperform rating and boosted their price objective for the company from $14.00 to $21.00 in a report on Friday, January 26th. Wolfe Research upgraded American Airlines Group from a peer perform rating to an outperform rating and set a $17.00 target price on the stock in a research note on Monday, January 22nd. UBS Group assumed coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a buy rating and a $19.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a hold rating to a buy rating and set a $18.00 price objective for the company in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $17.60.

American Airlines Group Price Performance

Shares of AAL stock opened at $14.42 on Monday. The company has a market cap of $9.46 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 0.20 and a beta of 1.57. The stock’s 50 day simple moving average is $14.29 and its two-hundred day simple moving average is $13.76. American Airlines Group has a 1 year low of $10.86 and a 1 year high of $19.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts expect that American Airlines Group will post 2.54 EPS for the current year.

Institutional Trading of American Airlines Group

Several hedge funds have recently modified their holdings of AAL. Patton Fund Management Inc. purchased a new stake in shares of American Airlines Group during the 1st quarter valued at $224,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in American Airlines Group by 17.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,817 shares of the airline’s stock valued at $304,000 after buying an additional 3,005 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in American Airlines Group in the first quarter valued at about $408,000. Qsemble Capital Management LP acquired a new stake in American Airlines Group in the first quarter worth about $803,000. Finally, QRG Capital Management Inc. grew its stake in shares of American Airlines Group by 12.6% during the first quarter. QRG Capital Management Inc. now owns 24,656 shares of the airline’s stock worth $378,000 after acquiring an additional 2,752 shares during the last quarter. 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.