Morgan Stanley Issues Positive Forecast for American Airlines Group (NASDAQ:AAL) Stock Price

American Airlines Group (NASDAQ:AAL) had its price objective raised by stock analysts at Morgan Stanley from $18.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the airline’s stock. Morgan Stanley’s price objective points to a potential upside of 25.79% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday. Citigroup lifted their price target on American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Evercore ISI upped their price objective on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Jefferies Financial Group lifted their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Finally, Barclays upped their price target on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.76.

American Airlines Group Stock Up 1.9 %

NASDAQ:AAL opened at $17.49 on Wednesday. American Airlines Group has a 12-month low of $9.07 and a 12-month high of $18.20. The stock’s 50 day moving average price is $13.69 and its two-hundred day moving average price is $11.85. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 53.00, a P/E/G ratio of 0.30 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. Equities research analysts expect that American Airlines Group will post 1.53 EPS for the current year.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors have recently modified their holdings of AAL. Blue Trust Inc. raised its stake in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. UMB Bank n.a. increased its position in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after purchasing an additional 2,264 shares in the last quarter. ORG Partners LLC bought a new position in American Airlines Group in the 2nd quarter valued at approximately $36,000. Sentry Investment Management LLC acquired a new stake in American Airlines Group in the second quarter valued at approximately $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of American Airlines Group during the second quarter worth $43,000. 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.