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Analysts at Imperial Capital raised their target price on shares of American Airlines Group (NASDAQ:AAL) from $55.00 to $58.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective would suggest a potential upside of 35.45% from the company’s current price.

American Airlines Group (NASDAQ:AAL) traded up 1.99% during mid-day trading on Wednesday, hitting $42.82. 11,829,169 shares of the company’s stock traded hands. American Airlines Group has a 52-week low of $15.28 and a 52-week high of $44.88. The stock’s 50-day moving average is $41.98 and its 200-day moving average is $36.34. The company’s market cap is $30.839 billion.

American Airlines Group (NASDAQ:AAL) last announced its earnings results 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.

A number of other firms have also recently commented on AAL. Analysts at Deutsche Bank reiterated a “positive” rating on shares of American Airlines Group in a research note on Wednesday. Separately, analysts at Raymond James raised their price target on shares of American Airlines Group from $48.00 to $52.00 in a research note on Monday, June 30th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of American Airlines Group from $43.59 to $50.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average 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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