American Airlines Group Inc. (NASDAQ:AAL) Receives $13.15 Consensus Target Price from Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have earned a consensus rating of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.15.

Several analysts recently weighed in on the company. Evercore ISI upped their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday. Evercore reduced their price target on shares of American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. TD Securities decreased their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $18.00 to $12.00 in a research note on Monday, July 22nd.

Institutional Investors Weigh In On American Airlines Group

A number of institutional investors have recently modified their holdings of AAL. Vermillion & White Wealth Management Group LLC acquired a new position in American Airlines Group in the fourth quarter valued at $27,000. UMB Bank n.a. raised its holdings in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares during the last quarter. Quarry LP acquired a new stake in shares of American Airlines Group in the 4th quarter worth about $34,000. Beaird Harris Wealth Management LLC lifted its position 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 acquiring an additional 795 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in American Airlines Group during the 2nd quarter worth approximately $36,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Up 6.4 %

AAL stock opened at $11.51 on Tuesday. The company has a market cap of $7.55 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. American Airlines Group has a 52 week low of $9.07 and a 52 week high of $16.15. The business has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $12.00.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that American Airlines Group will post 1.07 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.