Goldman Sachs Increases American Airlines Group Price Target to $50.00 (AAL)
Research analysts at Goldman Sachs increased their price objective on shares of American Airlines Group (NASDAQ:AAL) to $50.00 in a report released on Tuesday. Goldman Sachs’ target price would indicate a potential upside of 14.71% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus initiated coverage on shares of American Airlines Group in a research note on Monday, May 5th. They set a “buy” rating and a $45.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Airlines Group in a research note on Thursday, May 1st. They now have a $55.00 price target on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of American Airlines Group in a research note on Monday, April 28th. They now have a $42.00 price target on the stock, up previously from $40.00. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.13.
Shares of American Airlines Group (NASDAQ:AAL) opened at 43.59 on Tuesday. American Airlines Group has a one year low of $15.28 and a one year high of $44.43. The stock’s 50-day moving average is $38.55 and its 200-day moving average is $33.59. The company’s market cap is $31.393 billion.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 24th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 63.9% on a year-over-year basis. Analysts expect that American Airlines Group will post $5.16 EPS for the current fiscal year.
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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