American Airlines Group Inc. (NASDAQ:AAL) Receives $19.30 Average PT from Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received an average rating of “Moderate Buy” from the twenty-one research firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.30.

A number of research firms recently weighed in on AAL. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Morgan Stanley boosted their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Barclays cut their target price on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. Raymond James reissued an “outperform” rating and issued a $23.00 price target (down from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Finally, Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, January 6th.

Insider Activity

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On American Airlines Group

Institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of American Airlines Group during the fourth quarter valued at about $25,000. Brooklyn Investment Group lifted its position in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the last quarter. Elequin Capital LP boosted its stake in American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after acquiring an additional 1,182 shares in the last quarter. Bfsg LLC grew its holdings in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in shares of American Airlines Group during the fourth quarter worth $42,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ AAL opened at $11.14 on Tuesday. The business’s fifty day moving average is $14.78 and its 200 day moving average is $14.45. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The company has a market capitalization of $7.33 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, sell-side analysts forecast that American Airlines Group will post 2.42 EPS for the current year.

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.