Sanford C. Bernstein Raises American Airlines Group (NASDAQ:AAL) Price Target to $22.00

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

Several other research firms also recently commented on AAL. Evercore ISI reiterated a hold rating and set a $17.00 target price on shares of American Airlines Group in a research report on Monday, January 29th. JPMorgan Chase & Co. raised their target price on American Airlines Group from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Barclays upped their price target on American Airlines Group from $13.00 to $14.00 and gave the company an underweight rating in a research report on Friday, January 26th. Seaport Res Ptn raised American Airlines Group from a neutral rating to a buy rating in a research note on Friday, January 26th. Finally, UBS Group assumed coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a buy rating and a $19.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $17.60.

American Airlines Group Trading Up 1.2 %

Shares of NASDAQ:AAL opened at $14.42 on Monday. The firm has a 50 day moving average of $14.29 and a 200-day moving average of $13.76. American Airlines Group has a 12 month low of $10.86 and a 12 month high of $19.08. The stock has a market capitalization of $9.46 billion, a PE ratio of 24.03, a PEG ratio of 0.20 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) 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 business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the firm posted $0.05 EPS. American Airlines Group’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts predict that American Airlines Group will post 2.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of American Airlines Group by 9.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 139,000 shares of the airline’s stock worth $1,781,000 after acquiring an additional 11,640 shares during the period. Raymond James & Associates boosted its stake in American Airlines Group by 12.9% in the 3rd quarter. Raymond James & Associates now owns 121,511 shares of the airline’s stock worth $1,557,000 after purchasing an additional 13,914 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in American Airlines Group by 22.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,087 shares of the airline’s stock valued at $642,000 after buying an additional 9,269 shares in the last quarter. TD Asset Management Inc increased its position in shares of American Airlines Group by 22.4% during the third quarter. TD Asset Management Inc now owns 149,096 shares of the airline’s stock valued at $1,910,000 after buying an additional 27,300 shares during the period. Finally, QCM Cayman Ltd. purchased a new stake in shares of American Airlines Group in the third quarter worth about $129,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

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.