Raymond James Upgrades American Airlines Group to Outperform (AAL)
American Airlines Group (NASDAQ:AAL) was upgraded by research analysts at Raymond James to an “outperform” rating in a report released on Wednesday, Analyst Ratings.Net reports.
A number of other analysts have also recently weighed in on AAL. Analysts at JPMorgan Chase & Co. raised their price target on shares of American Airlines Group from $37.00 to $41.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Merrill Lynch initiated coverage on shares of American Airlines Group in a research note to investors on Wednesday, January 8th. They set an “underperform” rating on the stock. Finally, analysts at UBS AG initiated coverage on shares of American Airlines Group in a research note to investors on Thursday, December 19th. They set a “neutral” rating and a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.33.
American Airlines Group (NASDAQ:AAL) traded up 3.19% during mid-day trading on Wednesday, hitting $32.98. 22,723,080 shares of the company’s stock traded hands. American Airlines Group has a one year low of $12.70 and a one year high of $32.20. The stock’s 50-day moving average is $27.61 and its 200-day moving average is $21.76. The company has a market cap of $11.068 billion and a price-to-earnings ratio of 26.54.
American Airlines Group Inc, formerly AMR Corporation, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc (NASDAQ:AAL).
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