American Airlines Group Inc. (NASDAQ:AAL) Receives $15.99 Average Price Target from Analysts

American Airlines Group Inc. (NASDAQ:AAL) has been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.99.

Several equities research analysts have recently issued reports on the company. Barclays raised their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Bank of America increased their price objective on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Susquehanna increased their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, December 5th.

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. Blue Trust Inc. increased its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. UMB Bank n.a. increased its holdings in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares in the last quarter. ORG Partners LLC bought a new position in American Airlines Group in the 2nd quarter valued at $36,000. Sentry Investment Management LLC acquired a new position in American Airlines Group in the second quarter worth $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of American Airlines Group during the second quarter worth $43,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Up 1.2 %

Shares of AAL opened at $16.72 on Friday. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $18.20. The company’s fifty day moving average is $14.16 and its 200-day moving average is $11.98. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 50.67, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. As a group, research analysts predict that American Airlines Group will post 1.62 earnings per share for the current fiscal 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.