American Airlines Group Inc. (NASDAQ:AAL) Receives $16.53 Consensus Target Price from Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received an average rating of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.53.

Several equities research analysts recently commented on AAL shares. Morgan Stanley dropped their price objective on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Susquehanna lowered their price objective on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. TD Cowen decreased their target price on shares of American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Seaport Res Ptn lowered American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, UBS Group initiated coverage on American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price on the stock.

American Airlines Group Stock Performance

Shares of AAL stock opened at $11.28 on Friday. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.20 and a beta of 1.49. American Airlines Group has a one year low of $10.86 and a one year high of $19.08. The company’s 50-day moving average is $12.96 and its 200 day moving average is $13.86.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same period last year, the business earned $0.05 EPS. American Airlines Group’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts predict that American Airlines Group will post 2.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of American Airlines Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock valued at $1,010,566,000 after purchasing an additional 667,660 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of American Airlines Group by 18.7% in the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the period. Northern Trust Corp boosted its position in American Airlines Group by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock valued at $60,825,000 after acquiring an additional 98,130 shares in the last quarter. Par Capital Management Inc. raised its holdings in American Airlines Group by 0.4% in the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in American Airlines Group during the 3rd quarter worth $28,867,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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.