Stock Update (NASDAQ: AAL): American Airlines Receives Approval To Begin Service Between Dallas/Fort Worth And Beijing On May 7
American Airlines will begin operating its new daily service between Dallas/Fort Worth International Airport (DFW) and Beijing Capital International Airport (PEK) on May 7, marking the airline’s sixth daily flight to Asia from DFW and the only nonstop flight connecting DFW and Beijing. With the addition of this service, American will offer 11 routes between the U.S. and Asia. Customers may begin booking flights on the new route this Saturday, Jan. 24. “The Asia-Pacific region is a key market for American and we would like to thank the Civil Aviation Administration of Chi… Read more »
Shares of American Airlines Group Inc closed yesterday at $53.67 . AAL has a 1-year high of $54.64 and a 1-year low of $28.10. The stock’s 50-day moving average is $51.05 and it’s 200-day moving average is $42.12.
On the ratings front, American Airlines Group Inc has been the subject of a number of recent research reports. In a report published on January 13, analyst Michael Derchin from CRT Capital reiterated a Buy rating on AAL, with a price target of $63, which implies an upside of 17.4% from current levels. Separately, on January 12, Imperial`s Bob McAdoo reiterated a Buy rating on American Airlines Group Inc shares and has a price target of $92.
In total, one research analyst has rated the stock with a Sell rating, 7 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $53.67 which is 1.9% above where the stock closed yesterday.
American Airlines Group Inc, through its subsidiaries, operates in the airline industry.