Analysts Set American Airlines Group Inc. (NASDAQ:AAL) Price Target at $17.53

American Airlines Group Inc. (NASDAQ:AAL) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.53.

A number of brokerages have recently weighed in on AAL. Citigroup restated a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, March 5th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, January 11th. Finally, Evercore ISI reiterated a “hold” rating and set a $17.00 target price on shares of American Airlines Group in a research report on Monday, January 29th.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in American Airlines Group by 12.1% during the 1st quarter. International Assets Investment Management LLC now owns 17,575 shares of the airline’s stock worth $271,000 after buying an additional 1,900 shares during the period. Inscription Capital LLC purchased a new stake in shares of American Airlines Group in the first quarter valued at $258,000. Alaska Permanent Fund Corp boosted its position in American Airlines Group by 12.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 174,606 shares of the airline’s stock worth $2,680,000 after acquiring an additional 19,912 shares during the period. GAMMA Investing LLC grew its stake in American Airlines Group by 50.6% during the 1st quarter. GAMMA Investing LLC now owns 4,049 shares of the airline’s stock valued at $62,000 after acquiring an additional 1,361 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $179,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $13.62 on Tuesday. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.11 and a beta of 1.57. The firm’s 50-day moving average is $14.67 and its two-hundred day moving average is $13.54. American Airlines Group has a 1 year low of $10.86 and a 1 year high of $19.08.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.18. The business had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. On average, equities analysts expect that American Airlines Group will post 2.53 earnings per share for the current year.

About American Airlines Group

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.