American Airlines Group Inc. (NASDAQ:AAL) Receives Average Rating of “Hold” from Analysts

American Airlines Group Inc. (NASDAQ:AAL) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $13.96.

Several equities research analysts have issued reports on AAL shares. TD Cowen lifted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Redburn Atlantic upgraded American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group increased their target price on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Susquehanna raised their price objective on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Bank of America increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th.

American Airlines Group Stock Up 0.3 %

AAL opened at $14.33 on Wednesday. The stock has a market cap of $9.42 billion, a P/E ratio of 43.42, a P/E/G ratio of 0.26 and a beta of 1.39. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15. The company has a fifty day simple moving average of $12.35 and a 200 day simple moving average of $11.76.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the firm earned $0.38 EPS. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that American Airlines Group will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Airlines Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC raised its holdings in shares of American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the period. Blue Trust Inc. lifted its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in American Airlines Group by 4.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after purchasing an additional 978 shares during the last quarter. CWM LLC raised its position in shares of American Airlines Group by 5.2% in the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after purchasing an additional 1,059 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of American Airlines Group by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after buying an additional 1,126 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.