American Airlines Group Inc. (NASDAQ:AAL) Receives $15.65 Average Price Target from Analysts

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been assigned an average recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $15.03.

AAL has been the subject of a number of analyst reports. TD Cowen cut shares of American Airlines Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $16.00 to $10.00 in a research report on Wednesday, July 17th. Evercore ISI decreased their price objective on shares of American Airlines Group from $17.00 to $13.00 and set an “in-line” rating for the company in a research report on Monday, July 15th. Jefferies Financial Group cut shares of American Airlines Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. Barclays decreased their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Finally, HSBC initiated coverage on shares of American Airlines Group in a research report on Monday, May 13th. They issued a “buy” rating and a $17.90 price objective for the company.

Institutional Investors Weigh In On American Airlines Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Beaird Harris Wealth Management LLC increased its stake in shares of American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares during the period. Empirical Finance LLC increased its stake in shares of American Airlines Group by 1.4% in the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock valued at $899,000 after purchasing an additional 797 shares during the period. Eudaimonia Partners LLC increased its stake in shares of American Airlines Group by 4.2% in the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock valued at $354,000 after purchasing an additional 927 shares during the period. Ackerman Capital Advisors LLC increased its stake in shares of American Airlines Group by 6.5% in the first quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock valued at $240,000 after purchasing an additional 949 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of American Airlines Group by 4.4% in 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. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Trading Down 3.0 %

Shares of NASDAQ AAL opened at $10.17 on Thursday. American Airlines Group has a 12-month low of $10.12 and a 12-month high of $16.90. The company has a market cap of $6.67 billion, a P/E ratio of 16.95, a P/E/G ratio of 0.22 and a beta of 1.44. The stock has a fifty day moving average price of $11.68 and a 200 day moving average price of $13.45.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results 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). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast that American Airlines Group will post 1.78 EPS 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.