Brokerages Set American Airlines Group Inc. (NASDAQ:AAL) PT at $17.53

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.60.

Several research firms recently weighed in on AAL. Wolfe Research upgraded American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, January 22nd. Sanford C. Bernstein increased their price objective on shares of American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday. 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. Evercore ISI restated a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a report on Monday, January 29th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $20.00 target price on shares of American Airlines Group in a report on Tuesday, March 5th.

Institutional Trading of American Airlines Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empirical Finance LLC grew its position in American Airlines Group by 1.4% in the 1st quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock valued at $899,000 after acquiring an additional 797 shares during the last quarter. Duality Advisers LP bought a new stake in shares of American Airlines Group during the first quarter worth $268,000. CFO4Life Group LLC boosted its stake in shares of American Airlines Group by 15.5% during the first quarter. CFO4Life Group LLC now owns 18,738 shares of the airline’s stock valued at $288,000 after purchasing an additional 2,511 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of American Airlines Group by 3.8% in the first quarter. Texas Permanent School Fund Corp now owns 135,215 shares of the airline’s stock worth $2,076,000 after purchasing an additional 4,996 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in American Airlines Group in the 1st quarter worth about $158,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

Shares of AAL opened at $14.65 on Friday. American Airlines Group has a one year low of $10.86 and a one year high of $19.08. The firm has a market capitalization of $9.61 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 0.20 and a beta of 1.57. The company has a 50-day simple moving average of $14.33 and a two-hundred day simple moving average of $13.74.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter last year, the firm posted $0.05 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that American Airlines Group will post 2.54 EPS for the current fiscal 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.