Cowen & Co. analyst Helane Becker maintained a Buy rating on American Airlines (NASDAQ: AAL) today and set a price target of $46. The company’s shares opened today at $33.55, close to its 52-week low of $33.41.
According to TipRanks.com, Becker is a top 25 analyst with an average return of 22.0% and a 75.6% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and WestJet Airlines Ltd.
American Airlines has an analyst consensus of Moderate Buy, with a price target consensus of $50.71, implying a 51.1% upside from current levels. In a report issued on September 27, Imperial Capital also maintained a Buy rating on the stock with a $56 price target.
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Based on American Airlines’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $11.64 billion and net profit of $566 million. In comparison, last year the company earned revenue of $10.88 billion and had a net profit of $624 million.
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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.
