American Airlines Group (AAL) stock is expected to deviate a maximum of $6.28 from the average target price of $43.22 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $29.
American Airlines Group (AAL) : 10 analysts are covering American Airlines Group (AAL) and their average rating on the stock is 1.8, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. American Airlines Group (AAL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Imperial Capital initiates coverage on American Airlines Group (NASDAQ:AAL). In the latest research report, Imperial Capital announces the target price to $40 per share. According to the latest information available, the shares are now rated In-line by the analysts at the agency. The rating by the firm was issued on August 26, 2016.
American Airlines Group (NASDAQ:AAL): The stock opened at $36.53 on Thursday but the bulls could not build on the opening and the stock topped out at $36.71 for the day. The stock traded down to $35.88 during the day, due to lack of any buying support eventually closed down at $36.24 with a loss of -0.17% for the day. The stock had closed at $36.30 on the previous day. The total traded volume was 6,940,639 shares.
American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines, Inc. (American), US Airways Group, Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Groups principal subsidiary include US Airways, Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines, Inc. (Piedmont), and PSA Airlines, Inc. (PSA). AAGs primary business activity includes the operation of two network carriers through its principal, wholly-owned mainline operating subsidiaries: American and US Airways. The Companys airlines operate an average of approximately 6,700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth (DFW), Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia.