American Airlines Group Given New $51.00 Price Target at CRT Capital (AAL)
Stock analysts at CRT Capital increased their target price on shares of American Airlines Group (NASDAQ:AAL) from $45.00 to $51.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. CRT Capital’s target price suggests a potential upside of 21.47% from the company’s current price.
American Airlines Group (NASDAQ:AAL) opened at 41.985 on Thursday. American Airlines Group has a 52 week low of $15.28 and a 52 week high of $44.88. The stock has a 50-day moving average of $41.85 and a 200-day moving average of $36.30. The company’s market cap is $30.237 billion.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 63.9% on a year-over-year basis. Analysts expect that American Airlines Group will post $5.40 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital raised their price target on shares of American Airlines Group from $55.00 to $58.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of American Airlines Group in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.20.
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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