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

American Airlines Group Inc. (NASDAQ:AAL) has been given an average recommendation of “Hold” by the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.53.

Several equities analysts recently commented on the stock. Morgan Stanley cut their target price on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. JPMorgan Chase & Co. cut their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. TD Cowen lowered their price objective on American Airlines Group from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Seaport Res Ptn cut shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, UBS Group started coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target for the company.

Institutional Investors Weigh In On American Airlines Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC increased its stake in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares during the last quarter. Empirical Finance LLC raised its holdings in American Airlines Group by 1.4% during the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after acquiring an additional 797 shares in the last quarter. Eudaimonia Partners LLC increased its position in shares of American Airlines Group by 4.2% during the 1st quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock worth $354,000 after purchasing an additional 927 shares during the last quarter. Ackerman Capital Advisors LLC raised its stake in shares of American Airlines Group by 6.5% during the 1st quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock worth $240,000 after purchasing an additional 949 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of American Airlines Group by 4.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after buying an additional 978 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

AAL opened at $11.28 on Friday. The firm has a market cap of $7.40 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.20 and a beta of 1.49. The business has a 50 day moving average price of $12.96 and a 200 day moving average price of $13.86. American Airlines Group has a twelve month low of $10.86 and a twelve month high of $19.08.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. American Airlines Group’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. As a group, analysts anticipate that American Airlines Group will post 2.07 earnings per share 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.