American Airlines Group (NASDAQ:AAL) Given New $26.00 Price Target at TD Cowen

American Airlines Group (NASDAQ:AAL) had its target price raised by TD Cowen to $26.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the airline’s stock. TD Cowen’s price objective would indicate a potential upside of 139.19% from the company’s previous close.

A number of other equities analysts have also commented on AAL. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, January 6th. Barclays reduced their price target on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Bank of America decreased their price target on shares of American Airlines Group from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.37.

American Airlines Group Stock Up 1.9 %

Shares of AAL stock opened at $10.87 on Thursday. The company has a market capitalization of $7.15 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $19.10. The firm has a 50-day moving average price of $15.95 and a 200 day moving average price of $14.40.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, research analysts expect that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently added to or reduced their stakes in AAL. Centiva Capital LP raised its position in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after purchasing an additional 99,513 shares during the period. Primecap Management Co. CA raised its position in shares of American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after purchasing an additional 458,310 shares during the period. Principal Financial Group Inc. raised its position in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. Banco Santander S.A. acquired a new stake in shares of American Airlines Group during the third quarter worth about $672,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of American Airlines Group during the fourth quarter worth about $9,482,000. Institutional investors and hedge funds 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.