Deutsche Bank Increases American Airlines Group Price Target to $45.00 (AAL)
Analysts at Deutsche Bank upped their price target on shares of American Airlines Group (NASDAQ:AAL) from $42.00 to $45.00 in a research report issued to clients and investors on Friday, AR Network reports. Deutsche Bank’s price objective indicates a potential upside of 25.00% from the stock’s previous close.
American Airlines Group (NASDAQ:AAL) opened at 36.00 on Friday. American Airlines Group has a one year low of $15.28 and a one year high of $39.88. The stock’s 50-day moving average is $36.51 and its 200-day moving average is $29.71. The company’s market cap is $16.975 billion. American Airlines Group also was the target of a significant decrease in short interest in January. As of April 15th, there was short interest totalling 19,628,953 shares, a decrease of 23.3% from the March 31st total of 25,578,918 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average daily volume of 12,820,049 shares, the short-interest ratio is presently 1.5 days.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.06. The company had revenue of $10.00 billion for the quarter, compared to the consensus estimate of $10.02 billion. American Airlines Group’s revenue was up 63.9% compared to the same quarter last year. Analysts expect that American Airlines Group will post $4.78 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of American Airlines Group in a research note on Thursday, April 17th. They now have a $39.00 price target on the stock. Separately, analysts at Imperial Capital reiterated an “outperform” rating on shares of American Airlines Group in a research note on Thursday, April 10th. They now have a $43.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of American Airlines Group in a research note on Monday, April 7th. They set a “buy” rating and a $46.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.04.
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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