American Airlines Group (NASDAQ:AAL) Price Target Increased to $11.00 by Analysts at Jefferies Financial Group

American Airlines Group (NASDAQ:AAL) had its price target boosted by Jefferies Financial Group from $10.00 to $11.00 in a research report released on Wednesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the airline’s stock.

Several other analysts also recently weighed in on AAL. JPMorgan Chase & Co. dropped their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Redburn Atlantic upgraded American Airlines Group to a hold rating in a report on Tuesday, September 3rd. Evercore ISI reduced their target price on American Airlines Group to $10.00 and set a hold rating for the company in a research note on Friday, July 26th. TD Securities dropped their price target on shares of American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. Finally, Barclays cut their price target on shares of American Airlines Group from $14.00 to $10.00 and set an underweight rating on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, American Airlines Group has a consensus rating of Hold and a consensus price target of $13.09.

American Airlines Group Price Performance

NASDAQ:AAL opened at $10.74 on Wednesday. The business’s 50-day moving average is $10.49 and its two-hundred day moving average is $12.05. The firm has a market capitalization of $7.05 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. During the same quarter last year, the firm posted $1.92 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that American Airlines Group will post 1.07 EPS for the current year.

Hedge Funds Weigh In On American Airlines Group

Several large investors have recently added to or reduced their stakes in AAL. Primecap Management Co. CA lifted its stake in American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares during the period. Vanguard Group Inc. increased its position in American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after buying an additional 806,770 shares during the period. SG Americas Securities LLC increased its position in American Airlines Group by 132.8% in the second quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock worth $1,675,000 after buying an additional 598,941 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in American Airlines Group by 1,432.3% in the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after buying an additional 558,384 shares during the period. 52.44% of the stock is currently owned by 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.