Exane BNP Paribas Upgrades American Airlines

Fintel reports that on September 6, 2023, Exane BNP Paribas upgraded their outlook for American Airlines Group (NASDAQ:AAL) from Neutral to Outperform.

Analyst Price Forecast Suggests 27.36% Upside

As of August 31, 2023, the average one-year price target for American Airlines Group is 18.25. The forecasts range from a low of 11.11 to a high of $27.30. The average price target represents an increase of 27.36% from its latest reported closing price of 14.33.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for American Airlines Group is 51,177MM, a decrease of 3.25%. The projected annual non-GAAP EPS is 1.52.

What is the Fund Sentiment?

There are 1047 funds or institutions reporting positions in American Airlines Group. This is an increase of 11 owner(s) or 1.06% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.15%, an increase of 8.95%. Total shares owned by institutions increased in the last three months by 1.20% to 416,956K shares. The put/call ratio of AAL is 3.66, indicating a bearish outlook.

What are Other Shareholders Doing?

Primecap Management holds 37,318K shares representing 5.71% ownership of the company. In it’s prior filing, the firm reported owning 37,738K shares, representing a decrease of 1.13%. The firm increased its portfolio allocation in AAL by 15.25% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 20,306K shares representing 3.11% ownership of the company. In it’s prior filing, the firm reported owning 20,146K shares, representing an increase of 0.79%. The firm increased its portfolio allocation in AAL by 13.11% over the last quarter.

VPMCX – Vanguard PRIMECAP Fund Investor Shares holds 19,044K shares representing 2.91% ownership of the company. In it’s prior filing, the firm reported owning 19,321K shares, representing a decrease of 1.45%. The firm increased its portfolio allocation in AAL by 15.39% over the last quarter.

Renaissance Technologies holds 17,107K shares representing 2.62% ownership of the company. In it’s prior filing, the firm reported owning 15,723K shares, representing an increase of 8.09%. The firm increased its portfolio allocation in AAL by 43.72% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 15,544K shares representing 2.38% ownership of the company. In it’s prior filing, the firm reported owning 15,180K shares, representing an increase of 2.34%. The firm increased its portfolio allocation in AAL by 12.80% over the last quarter.

American Airlines Group Background Information
(This description is provided by the company.)

American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.

This article originally appeared on Fintel