Cowen Reiterates a “Outperform” Rating on American Airlines Group (NYSE:AAL) and $55.00 Target

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Cowen and Company Analyst Rating Change American Airlines Group NYSE:AAL

American Airlines Group (NYSE:AAL) Rating Kept

Cowen currently has a $55.00 PT on the $22.89 billion market cap company or 16.55 % upside potential. In an analyst note sent to clients and investors on Wednesday, 13 September, American Airlines Group (NYSE:AAL) stock had its “Outperform” Rating reaffirmed by professional analysts at Cowen.

NYSE:AAL is right now trading 1.53% higher at $47.00 as of 8:01 AM New York time. American Airlines Group’s stock is 0% in the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 6.00% in the same time.

According to data compiled by Thomson Reuters, American Airlines Group (NYSE:AAL)’s stock is covered by 14 equity analysts across the Street, with 1 analysts giving it a Sell rating, 11 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $43.25, which reflects an downside potential of 7.98% over the current price.

Institutional Ownership

Cyrus Capital Partners L.P. had the most significant stake with ownership of 3.84 million shares as of Q2 2015 for 10.55% of the stock exposure. Tyvor Capital Llc is another bullish fund who is owning 923,722 shares of American Airlines Group or 8.87% of their stock exposure. Further, Contrarian Capital Management L.L.C. have 7.72% of their stock exposure invested in the company for 443,799 shares. The New York-based fund Stelliam Investment Management Lp revealed it had bought so far a stake worth about 6.83% of the fund’s stock portfolio in American Airlines Group. The Illinois-based fund Css Llc Il is also positive about the stock, possessing 5.58 million shares or 4.45% of their stock exposure.

American Airlines Group (NYSE:AAL) Profile

American Airlines Group IncAmerican Airlines Group Inc. is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

American Airlines Group (NYSE:AAL) traded up 1.53% on 13 September, hitting $47. A total of 7.29M shares of the company’s stock traded hands. This is up from average of 5.63M shares. American Airlines Group has a 52 week low of $33.90 and a 52 week high of $54.48. The company has a market cap of $22.89B and a P/E ratio of 11.63.

Get the latest American Airlines Group (NYSE:AAL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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