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

American Airlines Group Inc. (NASDAQ:AAL) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.96.

A number of research firms have weighed in on AAL. Susquehanna upped their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. Evercore ISI upped their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Finally, Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $10.00 to $16.00 in a report on Thursday, November 14th.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $14.38 on Wednesday. American Airlines Group has a 1-year low of $9.07 and a 1-year high of $16.15. The company has a market capitalization of $9.45 billion, a P/E ratio of 43.58, a PEG ratio of 0.25 and a beta of 1.39. The business’s fifty day moving average price is $12.63 and its two-hundred day moving average price is $11.78.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, 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 have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its holdings in shares of American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after buying an additional 795 shares during the period. Blue Trust Inc. raised its stake in American Airlines Group by 56.2% during the 3rd 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 increased its position in shares of 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 period. CWM LLC increased its holdings in American Airlines Group by 5.2% in the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after buying an additional 1,059 shares during the period. Finally, Sunbelt Securities Inc. raised its position in American Airlines Group by 8.2% in the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after purchasing an additional 1,126 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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.