Brokerages Set American Airlines Group Inc. (NASDAQ:AAL) Target Price at $13.73

Shares of American Airlines Group Inc. (NASDAQ:AAL) have received an average rating of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.73.

A number of research analysts have recently issued reports on the company. Susquehanna cut their price target on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Seaport Res Ptn downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Morgan Stanley lowered 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. TD Cowen downgraded American Airlines Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $16.00 to $10.00 in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th.

Institutional Investors Weigh In On American Airlines Group

Several hedge funds have recently added to or reduced their stakes in AAL. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after buying an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP lifted its holdings in American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the period. Norges Bank purchased a new stake in American Airlines Group in the 4th quarter worth approximately $22,819,000. Vanguard Group Inc. increased its holdings in shares of American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after purchasing an additional 806,770 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of American Airlines Group by 132.8% in the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after purchasing an additional 598,941 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Trading Down 2.0 %

Shares of American Airlines Group stock opened at $10.99 on Friday. The stock’s fifty day moving average price is $10.43 and its 200-day moving average price is $12.47. The firm has a market cap of $7.21 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.23 and a beta of 1.43. American Airlines Group has a 12 month low of $9.07 and a 12 month high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. During the same quarter in the previous year, the business posted $1.92 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that American Airlines Group will post 0.97 earnings per share 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.