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Why American Airlines Stock Rose after Its August Traffic Release

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Part 6
Why American Airlines Stock Rose after Its August Traffic Release PART 6 OF 6

Wall Street Analysts’ Recommendations for American Airlines

Analyst ratings

Of the 17 analysts tracking American Airlines (AAL) on September 12, 2017, four analysts (or 23.5%) gave a “strong buy” recommendation on the stock. Three analysts (or 17.6%) gave a “buy” recommendation, and eight analysts (or 47.1%) gave a “hold” rating on AAL stock. Two analysts (or 11.8%) gave a “sell” rating on the stock.

Only two analysts downgraded their ratings for American Airlines (AAL) after its traffic release on September 12, 2017. Cowen & Company reduced its target price for AAL from $57.00 to $55.00, and Deutsche Bank reduced its target price from $56.00 to $53.00.

Wall Street Analysts&#8217; Recommendations for American Airlines

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AAL was the subject of two more downgrades before its traffic release. Barclays reduced its target price from $58.00 to $55.00. UBS also reduced its target price from $49.00 to $46.00.

According to its 2Q17 13-F filing, Berkshire Hathaway reduced its stake in American Airlines by 4.6% to 47.0 million shares. Soros Fund Management dissolved its entire stake in the airline.

Target prices

American Airlines (AAL) has a 12-month consensus target price of $58.30, which is slightly higher than the $57.10 target price the company has posted in its 2Q17 earnings report. The highest target price is $95.00, and the lowest target price is $37.00.

At its current target price, AAL stock has a return potential of 26.0% from its closing price of $46.40 on September 12.

You can also read about the August 2017 performance of AAL’s peers Delta Air Lines (DAL) and United Continental (UAL). We will also cover the performance of other airlines such as Alaska Air Group (ALK) and Southwest Airlines (LUV).

Investors can gain exposure to American Airlines by investing in the First Trust NASDAQ Transportation ETF (FTXR), which holds 8.1% of its portfolio in AAL.

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