American Airlines Group Inc. (NASDAQ:AAL) Receives $19.30 Average Target Price from Brokerages

Shares of American Airlines Group Inc. (NASDAQ:AAL) have been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.30.

A number of analysts have recently weighed in on AAL shares. TD Cowen increased their target price on shares of American Airlines Group to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Citigroup decreased their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, December 5th.

American Airlines Group Stock Performance

Shares of AAL stock opened at $10.55 on Tuesday. The company has a market capitalization of $6.94 billion, a P/E ratio of 9.25, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The stock has a 50 day moving average price of $14.48 and a two-hundred day moving average price of $14.49.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, equities analysts predict that American Airlines Group will post 2.42 earnings per share for the current year.

Insider Activity at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in American Airlines Group during the 4th quarter valued at about $3,858,000. Centiva Capital LP raised its holdings in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after purchasing an additional 99,513 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in American Airlines Group during the fourth quarter valued at approximately $9,482,000. Amundi boosted its holdings in American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after purchasing an additional 425,347 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in American Airlines Group by 92.8% during the 3rd quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock valued at $3,839,000 after buying an additional 164,376 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

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.