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Cowen & Co. Thinks American Airlines’ Stock is Going to Recover


In a report released yesterday, Helane Becker from Cowen & Co. maintained a Buy rating on American Airlines (AAL), with a price target of $42. The company’s shares closed yesterday at $32.04, close to its 52-week low of $28.81.

According to TipRanks.com, Becker is a top 25 analyst with an average return of 19.9% and a 70.8% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and WestJet Airlines Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Airlines with a $45.22 average price target, which is a 41.1% upside from current levels. In a report issued on January 9, Imperial Capital also maintained a Buy rating on the stock with a $45 price target.

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The company has a one-year high of $59.08 and a one-year low of $28.81. Currently, American Airlines has an average volume of 10M.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo.