American Airlines Group (AAL) Given New $55.00 Price Target at Imperial Capital

American Airlines Group (NASDAQ:AAL) had its target price hoisted by analysts at Imperial Capital from $47.00 to $55.00 in a research note issued to investors on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the airline’s stock. Imperial Capital’s price target would indicate a potential upside of 38.71% from the company’s previous close. The analysts noted that the move was a valuation call.

AAL has been the subject of a number of other reports. Goldman Sachs Group began coverage on shares of American Airlines Group in a research note on Monday, November 12th. They issued a “buy” rating and a $44.00 price objective for the company. Bank of America reduced their price objective on shares of American Airlines Group from $61.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Zacks Investment Research restated a “hold” rating on shares of American Airlines Group in a research note on Monday, November 12th. BidaskClub upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Finally, JPMorgan Chase & Co. set a $46.00 price objective on shares of American Airlines Group and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $50.53.

AAL stock opened at $39.65 on Tuesday. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. American Airlines Group has a 12 month low of $30.24 and a 12 month high of $59.08.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 25th. The airline reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. On average, sell-side analysts predict that American Airlines Group will post 4.53 EPS for the current fiscal year.

In related news, Director John T. Cahill bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of $33.47 per share, for a total transaction of $836,750.00. Following the purchase, the director now directly owns 6,531 shares in the company, valued at $218,592.57. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey D. Benjamin bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average price of $35.69 per share, with a total value of $535,350.00. Following the completion of the purchase, the director now owns 22,146 shares in the company, valued at $790,390.74. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in shares of American Airlines Group in the 3rd quarter valued at $115,000. Stratos Wealth Partners LTD. acquired a new position in shares of American Airlines Group in the 3rd quarter valued at $117,000. Glenmede Trust Co. NA raised its stake in shares of American Airlines Group by 108.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,366 shares of the airline’s stock valued at $138,000 after buying an additional 1,753 shares in the last quarter. Trilogy Capital Inc. raised its stake in shares of American Airlines Group by 10,137.5% in the 2nd quarter. Trilogy Capital Inc. now owns 4,095 shares of the airline’s stock valued at $155,000 after buying an additional 4,055 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $185,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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