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

Shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) have been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.69.

A number of equities analysts have recently commented on the stock. Barclays reduced their target price on shares of American Airlines Group from $17.00 to $14.00 in a research report on Wednesday, October 12th. Cowen reduced their price objective on shares of American Airlines Group to $18.00 in a research note on Thursday, October 27th. Citigroup dropped their target price on American Airlines Group from $16.00 to $15.00 in a research report on Monday, October 17th. Evercore ISI boosted their price target on American Airlines Group to $17.00 in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on American Airlines Group from $25.00 to $20.00 in a research note on Tuesday, December 20th.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $17.02 on Friday. The firm has a market cap of $11.06 billion, a PE ratio of -6.57 and a beta of 1.47. The firm’s 50 day simple moving average is $13.87 and its 200-day simple moving average is $13.79. American Airlines Group has a one year low of $11.65 and a one year high of $21.42.

American Airlines Group (NASDAQ:AALGet Rating) last issued its earnings results on Thursday, October 20th. The airline reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. The company had revenue of $13.46 billion for the quarter, compared to analysts’ expectations of $13.46 billion. The business’s revenue was up 50.1% compared to the same quarter last year. During the same period last year, the business posted ($0.99) earnings per share. Equities research analysts predict that American Airlines Group will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In other news, EVP Vasu Raja sold 12,775 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $13.84, for a total value of $176,806.00. Following the transaction, the executive vice president now directly owns 54,381 shares of the company’s stock, valued at $752,633.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of American Airlines Group by 46.0% in the third quarter. Quadrant Capital Group LLC now owns 2,136 shares of the airline’s stock valued at $26,000 after purchasing an additional 673 shares during the period. Utah Retirement Systems grew its holdings in American Airlines Group by 1.3% during the third quarter. Utah Retirement Systems now owns 54,893 shares of the airline’s stock worth $661,000 after acquiring an additional 700 shares during the period. Retirement Systems of Alabama grew its holdings in American Airlines Group by 0.3% during the second quarter. Retirement Systems of Alabama now owns 215,323 shares of the airline’s stock worth $2,730,000 after acquiring an additional 708 shares during the period. State of Alaska Department of Revenue grew its holdings in American Airlines Group by 0.8% during the fourth quarter. State of Alaska Department of Revenue now owns 90,973 shares of the airline’s stock worth $1,157,000 after acquiring an additional 750 shares during the period. Finally, IFP Advisors Inc grew its holdings in American Airlines Group by 0.5% during the third quarter. IFP Advisors Inc now owns 164,834 shares of the airline’s stock worth $6,880,000 after acquiring an additional 757 shares during the period. 54.84% of the stock is owned by institutional investors and hedge funds.

About American Airlines Group

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Analyst Recommendations for American Airlines Group (NASDAQ:AAL)

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